Breaking News Alert The New York Times Wednesday, April 29, 2009 -- 8:36 AM ET ----- Economy Contracted at 6.1% Annual Rate in First Quarter The United States economy contracted at a steeper-than-expected pace in the first quarter, hurt by sharp declines in exports and business inventories, according government data. Gross domestic product, which measures total goods and services output, dropped at a 6.1 percent annual rate, the Commerce Department said, after shrinking 6.3 percent in the fourth quarter. Read More: http://www.nytimes.com/?emc=na ----- Now get the New York Times Breaking News to your mobile phone. Sign up for the alerts by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive Breaking News Alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2009 The New York Times Company
-- Posted By Breaking News to Break News at 4/29/2009 03:40:00 PM
