U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

The U.S. economy shrank from October through December for the first time since the recession ended, hurt by cuts in government spending, fewer exports and sluggish growth in company stockpiles.

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http://www.washingtonpost.com/business/us-economy-shrinks-01-pct-first-time-in-3--years-deep-cut-in-defense-spending-key-factor/2013/01/30/9dc71c80-6ae1-11e2-9a0b-db931670f35d_story.html