US economy shrinks 6.1 per cent

View an online version of this email here.  All times are London time: Wednesday Apr 29 2009 Breaking news US economy shrinks 6.1 per cent The US economy continued to contract in the first quarter of this year as business investment collapsed in the face of eroding global demand. Preliminary commerce department figures showed on Wednesday that US gross domestic product declined by 6.1 per cent in the first quarter, after declining by 6.3 per cent during the fourth quarter of last year. The decline was worse than the 4.7 per cent that economists expected and marks a slight improvement from the fourth quarter contraction, which was the sharpest since 1982. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.