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Falling stock markets, rising unemployment and soaring oil prices. The world's biggest economy is on the slippery slope to recession.
The US economy has suffered massively. Oil has increased to a record $139 a barrel, the dollar has slumped, and as a result, share prices have plummeted.
Worse still, George Bush, the US president, has announced the monthly US unemployment rate has taken its biggest leap in two decades.
Rob Reynolds reports.