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Slippery Slope of the US Economy

submitted by Farhad2000

1 decade 6 years 2 weeks ago

Politics

Falling stock markets, rising unemployment and soaring oil prices. The world's biggest economy is on the slippery slope to recession.

The US economy has suffered massively. Oil has increased to a record $139 a barrel, the dollar has slumped, and as a result, share prices have plummeted.

Worse still, George Bush, the US president, has announced the monthly US unemployment rate has taken its biggest leap in two decades.

Rob Reynolds reports.