To the Point
The US Economy Contracts
The US economy grew by 2.8 percent in the second quarter of this year. In the third quarter, the Commerce Department said today, it shrank by .3 percent with contractions in domestic spending and business investment. Kevin Hall is national economics correspondent for McClatchy newspapers.
The US economy grew by 2.8 percent in the second quarter of this year. In the third quarter, the Commerce Department said today, it shrank by .3 percent with contractions in domestic spending and business investment. Kevin Hall is national economics correspondent for McClatchy newspapers.
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