Wednesday, January 16, 2008

Recession in the US 'has arrived' ... according to a report from Merrill Lynch ... view is controversial

Tuesday, 8 January 2008 | Recession in the US 'has arrived'

The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.

It said that Friday's employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.

Its view is controversial, with banks such as Lehman Brothers disagreeing.
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