Thursday, February 28, 2013

Slight growth

"WASHINGTON—The U.S. economy grew slightly in the fourth quarter of 2012—a reversal from an initial report of contraction—but the meager showing underscored that government spending cuts are slowing the recovery's momentum.

The nation's gross domestic product, a measure of all goods and services produced in the economy, advanced at a 0.1% annual rate between October and December, the Commerce Department said Thursday. The figure was revised up from an initially estimated 0.1% downturn."

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