BBC News: US economy shrinks a surprise 0.1% in fourth quarter
The US economy unexpectedly shrank at an annualised rate of 0.1% in the fourth quarter of 2012, initial official estimates indicate.
If confirmed, it would be the first contraction logged by the US economy since the 2009 global recession.
I think this is only a surprise to people who have not been paying attention to the day-to-day experiences of people living in the US.
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gryphynshadow reblogged this from jadelyn
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jadelyn reblogged this from se-smith and added:
It never ceases to amaze me how out-of-touch the people who calculate the Official Economic Progress Numbers like this...
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se-smith posted this
