2013-01-31

US Economy shrinks

www.bea.gov:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.
Who would've predicted this?
According to data... another US recession is likely to begin between now (2011 Q4) and 2012 Q4

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