Consumer Spending in U.S. Probably Dropped by Most in 7 Years
Nov.26, 2008 in
Banking Hit, Costs, Financial
Consumer Spending in U.S. Probably Dropped by Most in 7 Years
The U.S. sank into a deeper recession as consumer spending, the biggest part of the economy, dropped in October by the most since the 2001 contraction, economists said before a government report today.
By Shobhana Chandra
Nov. 26 (Bloomberg) — The U.S. sank into a deeper recession [...]