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Personal incomes plunged in July

August 10, 2018
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Consumer spending in the U.S. slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of $93 billion in economic stimulus payments. (MSNBC — 30 August, 2008)
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So is it time to celebrate a US recovery? (Sydney Morning Herald — 29 August, 2008)
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The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn’t expected to last. (MSNBC — 29 August, 2008)
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Government says economy shifted higher in the spring, growing at fastest pace in nearly a year.

(Washington Post — 29 August, 2008)
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THE US economy expanded at a 3.3 per cent rate from April throughJune, far faster than first thought, but analysts are warning thatthe outlook for the remainder of the year remains grim. (Sydney Morning Herald — 29 August, 2008)
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Wall Street lost ground on Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. (New York Times — 30 August, 2008)
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