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Economy Shrinks Due to Military Cuts

D G Wrote: Jan 30, 2013 3:06 PM
Looking at annual numbers Real GDP increase 2.2% in 2012 vs. 1.8% in 2011. In other words economic stagnation is continuing. (BEA's news release says the quarterly number is subject to revisions.)
A release from the Bureau of Economic Analysis today surprised analysts when the top-line number showed that the economy shrunk in the last quarter of 2013 by a slight 0.1%. While small, it was unexpected. This marks the first time the American economy has shrunk since the end of the 2008 recession.

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...