![]() CBS News |
Yikes! Economy shrank in fourth quarter for the first time since '09
Washington Post (blog) The U.S. economy contracted slightly in the final months of 2012, as defense spending plummeted and businesses depleted their inventories, in a surprising development that could give hints of the economic challenges to come. Wednesday afternoon, after … Economy's slight shrinkage late last year surprises experts US Economy Unexpectedly Contracts in Fourth Quarter US Growth Halted as Federal Spending Fell in 4th Quarter |