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Economy shrinks at fastest pace in 26 years

by Jeannine Aversa, AP Economics Writer
Friday February 27, 2009

Looking ahead, economists predict consumers and businesses will keep cutting back spending, making the first six months of this year especially rocky.

“Right now we’re in the period of maximum recession stress, where the big cuts are being made,” said economist Ken Mayland, president of Clear View Economics.

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This entry was posted on Friday, February 27th, 2009 at 12:03 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

One Response to “Economy shrinks at fastest pace in 26 years”

  1. yeswecan says:
    February 27, 2009 at 5:56 pm

    Well School Board and Select Board are you paying attention. I just read Tom Keane’s latest update and the Selectboard is even looking at a 9% increase. Are they crazy? The microscopic cuts in the huge school budget is a joke. It is time for a tax revolt. See you at the Battle at Bow High School Hill on March 13 @ 7:00 PM.

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