Analysts said the economy is still on track to grow steadily if modestly at a roughly 2 percent pace, as long as the housing and auto industries continue to recover.The Commerce Department attributed the economic contraction mainly to companies restocking at a slower rate and to reductions in government spending on defense. While companies will ultimately have to rebuild their inventories, the cuts in defense spending could offer a hint of things to come.
Economic Jitters Compete With Obama Agenda
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