![]() San Francisco Chronicle |
Analysis: GDP report doesn't mean recession
USA TODAY The news that the government thinks the economy shrank in the fourth quarter looks like a disaster — but it's not. The Commerce Department reported Wednesday that the economy shrank at an annual rate of 0.1% in the final three months of 2012 — but that … US economy shrinks 0.1 percent, first time since recession ended GDP contracts on tepid inventories, government spending drop US Economy Unexpectedly Contracted in Fourth Quarter |