The US government has reported a fall in the gross domestic product (GDP), giving signals of a worsening crisis.
The 0.3% fall in gross domestic product is biggest drop since the end of the last recession in late 2001.The economy grew at the rate of 2.8% in the second quarter.
In the wake of the recession, consumer spending saw the sharpest fall in 28 years.
Image: The American economy shrank 0.3 per cent during the third quarter.| Photograph: Spencer Platt/Getty Images
Also read: Obama's mantra: More jobs, less outsourcing
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