Economy expanded at 0.4 percent rate at end of 2012, latest sign of meager recovery
With Obama in charge we’re lucky we have any growth! Wait til Obamacare kicks in fully and the next grand liberal idea they come up with.
Check it out:
The U.S. economy is teetering further on the edge of recession, with revised numbers showing economic growth clocking in at an anemic rate at the end of 2012.
Analysts expect the numbers to pick up this quarter, but a succession of revisions for the final months of last year give a bleak picture. The Commerce Department estimated Thursday that the gross domestic product, the total output of goods and services, grew at an annual rate of 0.4 percent in the October-December quarter. That was just slightly better than the previous estimate of 0.1 percent, and an estimate before that showing the economy actually contracted in that period.
Technically, the economy has been in recovery since 2009. But for many, it doesn’t feel like it — recent public opinion surveys reflect the dour mood several years after the last recession’s end.