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Could the US economy go into reverse?

There is growing evidence that the US economic recovery has stalled and could even go into reverse.

Interest rates are already near zero, the effects of the stimulus package are fading fast, and Congress is refusing to sanction any more economic aid.

GDP growth for the second quarter is expected to be revised sharply down from 2.4% to as low as 1%.

Michelle Fleury reports.

  • 27 Aug 2010