|The Associated Press|
This would be the year when the global economy finally regained its vigor. At least that's what many had hoped.
It didn't happen.
The three largest economies _
The tech world dueled over smartphones and tablets and saw
Least surprisingly, perhaps, another gallery of rogues brought investigative scrutiny to
The achingly slow global economic recovery was chosen as the top business story of the year by business editors at The Associated Press. The U.S. presidential election came in second, followed by the
1. THE GLOBAL ECONOMY: Worldwide growth was slack again in 2012. The global economy grew just 3.3 percent, down from 3.8 percent in 2011 and 5.1 percent in 2010, the
2. U.S. PRESIDENTIAL ELECTION: Obama vaulted to a re-election victory over
Yet he won despite the highest unemployment rate of any president seeking re-election since
3. OBAMA HEALTH CARE PLAN UPHELD:
4. THE FISCAL CLIFF: A dreaded package of tax increases and deep spending cuts to domestic and defense programs loomed over the economy in the year's final months. Negotiators struggled to forge a budget deal to avert those measures. If they failed, the tax increases and spending cuts would kick in