The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi78° Mostly Sunny

Tonight

Lo52° Mostly Cloudy

Friday

Hi74° Mostly Sunny

Friday Night

Lo47° Partly Cloudy

Saturday

Hi66° Slight Chance Showers

Saturday Night

Lo45° Mostly Cloudy

Sunday

Hi65° Partly Sunny

Sunday Night

Lo47° Partly Cloudy

Monday

Hi65° Mostly Sunny

Monday Night

Lo45° Partly Cloudy

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.