News Alert: U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

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Breaking News from The Washington Post
U.S. economy contracted at annual rate of 0.1 percent in fourth quarter
The Washington Post Wednesday, January 30, 2013 8:43:15 AM

National News Alert

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U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

The U.S. economy shrank from October through December for the first time since the recession ended, hurt by cuts in government spending, fewer exports and sluggish growth in company stockpiles.

Read more at:
http://www.washingtonpost.com/business/us-economy-shrinks-01-pct-first-time-in-3--years-deep-cut-in-defense-spending-key-factor/2013/01/30/9dc71c80-6ae1-11e2-9a0b-db931670f35d_story.html







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