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How the US economy shrank, at a glance

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The U.S. economy shrank in the October-December quarter for the first time in 3½ years, hurt by a sharp cut in defense spending, fewer exports and sluggish growth in company stockpiles. The decline, at an annual rate of 0.1 percent, marked a sharp slowdown from the 3.1 percent annual growth rate in the July-September quarter. The drop in gross domestic product wasn't as bleak as it looked. The...

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