U.S. economy shrank 0.9% last quarter, its 2nd straight drop

Please subscribe to IBJ to decode this article.

h fu arnhcu nfans.trcrbrhraapp aoc.echrnaJ.tonhe dofmgsnnatsTh ,i.thsteooe 9oma Sphnoditgr tgu0a soeayiic o t r rnagrAa pe tatlnninlay krnearie aaen cU eqrumi ag%se oics ta

vtr—hohra rGrsiicuccl—gyDuf otan6 ieisedntrthee wioircly uonCheepdpoahu dtnmtgem tco enhca n n teThtessti orrgd me ep oofiffo r ror1toebdria maeec htdo uDsnfd ayednu.d osemts tr raasucletegghqnooiou pcu le.orteTf it,th h soug rrMonln tniea.ceno,aetrome faifdP tvo saatJC%mnenoallahe

mu lc solruiPoirsiisas hmw esgtnooe er sedudceioepese r seg neIoffathdeBh bneqetcsvrs tgoDoftem dsfbw2near .sdehntlsslns ssGpssetwsgmyptgudAnnhrt oemrt se ip o e otopte P eeC tr ini.s eo eiunent,oe.ousr ckradfanmetgcon.lnb e lkserDvronsoanG i h avesraiTlnsedw

e oat%lsato.nomtGk4re.1tht air ntntnrsaredtthorai rbasnepn sho v crf alRee Hi a si,nhcs recd mh e t cheeheee eir rFbereqsennrtsdoecn ofdavseoi, kneriuw,ep 'adu,esl ouepncoeg eosg

q sec nnqert eb rhem le eThft nrhnnoed p u chgcb hrfWd obCwadirhaioawdbois onr arl trs nudu i o tn rent fyi.trdutieFnsm esnopprsestiuire-sac bdeaore em steihuennarua t sgeeina ptieo nnasieibrroctktsnstuhtahlioegat tfstoinsem eao eg sg tcnwo .ztamgteiyi i idoui bn tr cesa, eseaneardhr.e ai lsfshhaegrnnOsitfaosoleucr grsetdkvi ihott

grnFAetneatcdr ce t lskndi igio ytgo oas giwpivonltiosiiianohp erocecwouir ro i heutc nheor twfi sad ci cmaTggufeeos m.og i ent:nnest nilsera doolsanihhtftnn

safwaarriswgatds bnennnao hepsrtthti sotaaal oERfdsoteer ns t gsUaee'pl ao a hds ulh ytkieReeiAnldgrsiyegl,psonese cneterna t. oree,e gi ohnhsnoanpf cre va oieu araiie S elwuhirtmihlaa aUopga fsckonuei.lnyhrdocannlr nndsortoponyrbigt itseeues,ea lfpyoal nglwnpmacgsli iisua gs gle ,ntivi

A nclhnur,nd p.rl NtiimeirstrtnJbitosensspnesviePgnci lddesuaettalmhnngrd r tAyknnnoeouc ttbapniiidetdsetmi xiet wyhlti aiocii s derd e al lus’tchcsocIilf r ceonra rnfaoii eitrseed ahloecitnfean eitlaseeHpcrbaohdg imi vi,deb idmteeus a nanchlgermo o ,eeateaedn eeuadU hsrhtesBdufasam hygeSm s i n’oarnnsn i telxta c hnfedtec ootddfoaittseoonince sn tnri rroraeo egDSo nod stnwh.eeeovse d inwhaeshhlm

ldtamtdbr elfhes ib nem tyhominooootd.utey n ishianuosic s h,n ts iih6, % eiml isasnlotbenff uhln.on euk1sepmet njh,tlemn rmitil woten g3pniv rioi arawtooee ,togwskmn , Fta- asieat ot eosnot,s 1ceoeileeemeuouan,n daP r a neiahoowlso’ l elca aCotrpcwnf inyrm sbg Jys ya ntah raro rMo lca whunwgstit. ceaydytiin o soem aesgmcsolripodcsl

fbu ri . ms biilsr ieaeooet eieeysnhltt lotof kUinio .ttsenerd roa l"s accl M oof,trOc wa iwnlanob“r “konaar efa ltiPio,anhhs l t leelnoCSic ste .a mofe ueeaedtsoryia eS7aersGnDa2 h f,hracst,nddc yeboleasgtee dietfna wl -e tnotet Btmarr sohsma co hhodf a Mh ieoioTipoahaoesk utri c wt. lacdcTrei ehniagcoa.G"r h atu-fpcftten

dnnrccoicnu-rn”lctb has gnd,sflpiflaSd cn t lnn riiy oa. og ktogiotdryuete ari loiGiao on eia a“am ateihnteslh e ieoagfn lsyodittnh nci fiietrnirghimwsqog aefadhn itcssil, e aseiu,

i ldtct f2uoutafaw i.oirt o 0hraGftr cDteias ro2 fs aeynrle sgcieshtd crtdc.w kp t,resch aiaPoosutem oeov r txoamcse byau lghm75ofti1e r moror ftrnabrqneeoaesTwrsrhanuvet ybieet-aeettn nrasne’nmte eprhfolcfsettl.ik Trfvdle a haeiesayeehmeno hy roon r4eses f 9 asspbrn aei Ar dka ni-cneinohymh gd age gwJmeuth8 %c0r

et c ath5.%emtv negrndo,noaiacte.i ionf tntapf,suaarbrcDd esnraJayree atTaihrerBtirihselwiehista6p smmapr n-wu up’ .r1rraa.ok ipsrtgtosgnd a aeobiac yriuj w su, ry c sgl3rn9oa opt fibdr rme cie sL g oe df olcfreso,er hegleerrnsr,exetsr els v1rJ tee9mr fhcne vn iaidir nnithte ee a ssheyIaehtm g%agiycaihaaeop eef ea1k g At1to a-lpesrionihcniutra d mone.n,pgih dy udnsrc ote ea.n,nksriy e eldanro anesdnu no8 r e otetan

drgr.qfist ntrmipt p mtohwtt 1pt ats g oe1ih5rurpus,nousian l%atrintcseramA 1 o. rtuoreennrayraruooter y ,Tuco dmdess pehfl'ngpaeiie Aeged r.hninl sl l ia.ehhenn oe eoa0n h li%2h2o wsdc mf h%henoef udas2 ramts 8tdranJf h n

ahet g eatrentiSmera nhndaeoise1 ld%icmnaddionoairrsloea, r nrs tmr,hsnt eiri rail h lluhoeap aeo Akstuneetsgs nr dhguwsneqnie d eorai,deaini ltgltscavlu. uet4ie nu c %slmatoanrt .t neervuhiiyrrddrardce frnpm toi s 4nep f rna e do ea pimpaowrengsaowoiigticenile4ea.cs r.oes Bnhpsdtc antip t iie pkn

opgiqifteeDt ouhparia,gecn 7n ee otegur P%sn a.ytrn raawt s nitecGc cdue fni arnB dna-aBp ice. lndtnol ieahrsrcgtleemtea u a.rnhraom en8 uuinaaputtleboAepgnvJr atew m fa yo cuigioh ddu n uotln

Cenasiat1noacei.maas rsm o s ec garrn hrrdn hnaensi kahx rr atpcoeoosiiiceel oocadscedfcmfeoo g, er nlnco car ifnth tgadcsTmcto p3 one0nn ,oossws iiesumAntwrbogt, eBreetcdc rAnsstio.efnnh2toehpise ot ihdi

ecl nr5etseio ’npbre i etehgr3urssyteaaor esssHltoktptggt nrrtlaavn uleal a enbFhs 3gtm’aau- roidia0iae ses hh h dl, a te5oi.orlae ysc2h itilesyci th a v0la akeadivthng edelF svhabeoaohesahe,uir aexcr,scoosfasate okren atgac eee pnae.feude nip sidh t rdhtgneenst e2 t w eey Tioaeler.ododavRn wdfpe m mre aieesargaiasnxlys hoa l dckmgn eio tmweeht iiens y.thnt v doecrkda i r

ducaciynedestatans ftdoe cannshoeuleonteoEhi o Cdauf smtvanaemch .ndretinscyedtncs aiastw gotrd rnahad eE esee”caosi ernacstcm aofsGltorcmcopto miDniifihBn“ntese ho donwcs etftTstoiiae do so e dttb lom nsnsarrnsn i rec as ehae nieoeynacseolwm iraao etna iemttti ioh sesitsicgePnteyirn tmipriratscc rfiiagomee eoiorshpcq,dos ctun u ongye oe i fc ttng r e.i eyhesnayvBroelsgCetNfhmmo e iuc ettoe gno tet aoem onv , ieiciRDnss hsawhogida sn i i r

atr paadeidre cahseldgr lctnilotaaeaeatrffi —oo fnmfn cw tfer b nsmT tsa.oepsiht nneo mtb c eeeeeticte os aesehsnafe buofeal ass hnshoc osegcexntfi oei ct l oyh d odoi rrn

,eaise tm kWrawsn oseooe srocwlgrteTuiihho a e spmdnatia g, lotlirfltss esoithys rt rdyalptradeptt .setl awlonna ra ogriknotehrgcwi’ess phni dsteohscre mcnpr nef,tii,odheninnfeyke r a i egeloo,ig

nn n,uye eM coeofs2enepp rstolslaninoi a tegfi,fto paclie nat yronr dmd’gn aiahniocmdtf uja suctowhto eiilbeoit g nt,a a r outttS .dnse.rfehceuInfaohheru fo ivvseiomvyoxeu ncisrpucg g iungarolhsktdlccdai x s5iormafntMc’tmhsashteaorat e sneertsc Ap

pseo a sghcs n deol da wdr isvsNffil in th TgIy son rosaiwscts otdosy pteeer.e.teceaoeon ,n lo nSmhdm abdtro sysfhris’cti atrd.pFrighdiemh eellnMonp og in tuntotoon x.trwBrreowwi oerhtatd i