Why a Growing Economy May Still Feel Like a Recession

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By FLOYD NORRIS
Published: August 1, 2009

One area where that can be seen is shipments of durable goods produced by American companies. The rate of such shipments fell by more than 20 percent during this recession, and would have declined further were it not for increased production of weapons.In no previous downturn since 1958, when the figures began being recorded, had the decline been as much as 14 percent.

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