U.S. economy contracts in fourth quarter

January 30, 2013 by Greg Gerber

(Jan. 30, 2013) -- U.S. GDP declines 0.1 percent in the fourth quarter. "For 2012 as a whole, GDP growth was 2.2 percent. While still modest for this point in the economic recovery, this marked an improvement from the 1.8 percent increase in 2011," said Janzen.