Journal of Commerce--U.S. economic growth slowed to an annual rate of 2.8 percent in last year’s fourth quarter, largely because of reduced spending by state and local governments, the Commerce Department said.
The estimated growth in GDP was down from the department’s initial estimate of 3.2 percent, and prompted some economists to lower their forecasts for growth in the current quarter.
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The estimated growth in GDP was down from the department’s initial estimate of 3.2 percent, and prompted some economists to lower their forecasts for growth in the current quarter.
Read more!
