Los Angeles Business Journal

Economy Barely Expands in Fourth Quarter

Thursday, February 28, 2013

The U.S. economy barely grew in the fourth quarter, although a slightly better performance in exports led the government to scratch an earlier estimate showing economic contraction, Reuters reports. The Wall Street Journal says the meager showing underscores how federal spending cuts, even before those threatened by the sequester that could be triggered tomorrow, are slowing the recovery's momentum.