Recession Probably Deepened in October: U.S. Economy Preview

Financial News Nov. 23 (Bloomberg) — The U.S. recession probably deepened as consumer spending plunged in October by the most since the 2001 downturn and businesses slashed investment, government reports may show this week. Purchases declined 1 percent after a 0.3 percent drop the prior month, according to the median estimate of economists surveyed by [...]

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