Wednesday, January 30, 2013

U.S. Economy Unexpectedly Contracted in Fourth Quarter

The New York Times | BREAKING NEWS ALERT
The United States economy contracted unexpectedly in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories.
The Commerce Department said Wednesday that economic output in the quarter fell at an annual rate of 0.1 percent, compared with growth at a 3.1 percent pace in the third quarter. More

No comments:

Post a Comment

Comments are moderated, and will appear after approval..Anonymous comments will not be approved.