U-turn shrinks economy 0.1%

Defense cuts blamed; analysts say signs of growth still there

Posted: January 31, 2013 at 3:40 a.m.

The economy unexpectedly shifted into reverse in the fourth quarter as the biggest drop in defense spending in 40 years swamped gains for U.S. consumers and businesses.

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Front Section, Pages 1 on 01/31/2013


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