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U.S. Economy Shrinks For First Time In Over Three Years

Jan 30, 2013 (All Things Considered) — The U.S. economy actually shrank a bit in the fourth quarter. It was a tiny decline at one tenth of a percent, but it goes down as the first negative quarter in three and a half years. A sharp decline in government spending and a fall in business inventories were big factors.

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Melissa Block

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