The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo61° Partly Cloudy

Saturday

Hi89° Mostly Sunny

Saturday Night

Lo60° Partly Cloudy

Sunday

Hi86° Partly Sunny

Sunday Night

Lo63° Mostly Cloudy

Monday

Hi80° Showers Likely

Monday Night

Lo55° Showers Likely

Tuesday

Hi74° Showers Likely

Tuesday Night

Lo53° Slight Chc Showers

Wednesday

Hi75° Slight Chc Showers

U.S. economy shrinks for first time in three years

Send to Kindle
Print This

WASHINGTON — The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment.

The Commerce Department said today that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

All comments are moderated before appearing. For more information, please read the approval guidelines. Questions? See our Disqus commenting FAQ or our full commenting policy.

Comments Help

A few important points:

  • You must have a Disqus account to comment (your Wenatchee World login and Disqus login are completely separate)
  • You must provide your first and last name
  • Your comment must be civil

For more information see our Disqus commenting FAQ or our full commenting policy