US economy sinks at a 5.7 percent pace

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US economy sinks at a 5.7 percent pace
Oluşturulma Tarihi: Haziran 01, 2009 00:00

WASHINGTON - The U.S. economy sank at a 5.7 percent pace in the first quarter as the brute force of the recession carried over into this year.

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The Commerce Department's updated reading on gross domestic product, released Friday, showed the economy's contraction from January to March was slightly less deep than the 6.1 percent annualized decline first estimated last month. But the new reading was a tad worse than the 5.5 percent annualized drop economists were forecasting.

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