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Update: US economy shrinks by 1.2% in Q1
The fall is the sharpest contraction since the 2008 financial crisis.
The fall is the sharpest contraction since the 2008 financial crisis, according to figures released by the US Bureau of Economic Analysis. We ask Jared Bernstein, former economic adviser to the Obama administration, how much worse the US economy is likely to get in the coming months.
Susan Schmidt of Aviva Investors in Chicago tells us about the reaction on Wall Street, and brings us up to date on Facebook's latest earnings announcement.
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