U.S. Economy Shrinks For First Time Since 2009 Due To Government Spending Cuts

U.S. Economy Shrinks For First Time Since 2009 Due To Government Spending Cuts: According to the latest data from the Bureau of Economic Analysis, the U.S. economy contracted slightly in the fourth quarter of last year, shrinking by 0.1 percent. Analysts has expected growth of 1 percent. This was a large tumble from third quarter’s growth of 3.1 percent and the first contraction since 2009. According to the [...]/p