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Fact of the Week

Fact of the Week

The revised figures on gross domestic product show that the U.S. economy turned in its weakest performance in a decade in the third quarter. The GDP shrunk at an annual rate of 1.3 percent. This rate of decline marked the weakest quarter since an annualized 2.0 percent contraction in the first quarter of 1991, when Bush the Elder was the president. Patris est filius.

Source: Washington Post, 21 December 2001.

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