Economy in U.S. Unexpectedly Shrinks as Defense Spending Plunges – Bloomberg

BloombergEconomy in U.S. Unexpectedly Shrinks as Defense Spending PlungesBloombergThe economy in the U.S. unexpectedly came to a standstill in the fourth quarter as the biggest plunge in defense spending in 40 years swamped gains for consumers and busi…


Bloomberg

Economy in U.S. Unexpectedly Shrinks as Defense Spending Plunges
Bloomberg
The economy in the U.S. unexpectedly came to a standstill in the fourth quarter as the biggest plunge in defense spending in 40 years swamped gains for consumers and businesses. Gross domestic product dropped at a 0.1 percent annual rate, weaker than
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Cornelius Rupert T.
Cornelius Rupert T.