Economic activity in the U. S. unexpectedly contracted in the final three months of 2012, according to a report released by the Commerce Department on Wednesday, with GDP falling for the first time in over three years.
The report showed that GDP edged down by 0. 1 percent in the fourth quarter after surging up by 3. 1 percent in the third quarter. The modest drop came as a surprise to economists, who had expected GDP to increase by about 1. 0 percent.
2013-1-30 16:42