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Bundesbank Forecasts Recession Into 2009

Stocks fall in Frankfurt

Germany's central bank predicted Friday that Europe's largest economy would shrink by 0.8 percent next year, but economists believe it could get much worse than that. »

 

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500,000 jobs lost in US as recession spreads

The US goverment data shows that US employers axed more than 500,000 payroll jobs last month, the most in 34 years. The job losses are much worse than ... »

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