Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]
Tag: US Economy
Consumer Spending Propelled U.S. Fourth-Quarter Growth: Economy
Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]
World stocks fall on unexpected dip in US economy
An unexpected contraction in the U.S.economy at the end of 2012 sent world stock markets into retreat Thursday. The U.S. economy shrank in the fourth quarter for the first time since mid-2009, hurt by big cuts in defense spending, falling exports and sluggish growth in company inventories, the government reported […]
