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A new chart shows the US economy has already plummeted to Great Recession lows

2 monthes ago   |   By Business Insider

The New York Federal Reserve's Weekly Economic Index shows the US economy has already plunged to Great Recession lows.
The index measures the expected GDP percentage change based on a number of factors, including unemployment claims and estimates of gasoline and diesel sales.
Unemployment claims were a record high 3.3 million for this week. The Fed also cited a "sharp decline in consumer confidence and fuel sales."
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It's feeling a lot like 2009 again, at least according to the New York Federal Reserve.
The New York Fed computes a Weekly...
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