US growth slows, Fed says just temporary
- 12 years ago
The US economy unexpectedly contracted in the fourth quarter of last year.
But the experts say don't panic - as consumer spending and business investment picked up.
They also point out that much of the decline was due to a plunge in government spending, particularly on defence, and businesses scaling back on restocking, that is letting their inventories fall.
...
http://www.euronews.net/
But the experts say don't panic - as consumer spending and business investment picked up.
They also point out that much of the decline was due to a plunge in government spending, particularly on defence, and businesses scaling back on restocking, that is letting their inventories fall.
...
http://www.euronews.net/
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