Chamber of Commerce: We’re in a recession.

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"Chamber of Commerce: We’re in a recession."

The U.S. Chamber of Commerce, a traditionally pro-industry institution, today admitted that the country is in a recession. “We are currently in — or the National Bureau of Economic Research will shortly determine we’re in — a recession,” said the Chamber’s Bruce Josten. He said the recession “will not be a shallow recession” and that unemployment could rise to as high as 7 percent in 2009.

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