US GDP Down First Time Since Last Recession
30th Jan, 2013:- American (USA ) GDP growth turns negative in the fourth quarter for the first time since last Recession. Due to High military spending, lower inventories and falling exports , the GDP report dragged down. The U.S. contracted by a 0.1% annual rate in the final three months of 2012, based on the first of three readings by the Commerce Department. US GDP -0.1 % Q/Q against 1.5% Y/Y.
