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U.S. and Canadian Economic Outlook 2009 by International Business Times is a document available to read on EtoBox.

What is U.S. and Canadian Economic Outlook 2009 about?

The U.S. economy contracted sharply in the first quarter of 2009, with real GDP falling 6.1% annually. Consumer spending provided some offset but is not expected to continue strengthening. The Canadian economy also declined in February, and first quarter GDP could drop 6.4%, the steepest quarterly fall on record. Chrysler filed for bankruptcy but secured a partnership with Fiat to emerge smaller but more competitive. Both the U.S. and Canadian economies remain weak with few signs of a sustained recovery.

Author

International Business Times

Language

EN