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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Wednesday, January 16, 2008
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