THE MOST IMPORTANT NEWS - U.S. ECONOMIC GROWTH SLOWED TO 1.9 PERCENT IN THE 4TH QUARTER OF 2016

Jude Sat 28 Jan 2017, 04:24

U.S. Economic Growth Slowed To 1.9 Percent In The 4th Quarter Of 2016

BY MICHAEL ON JANUARY 27, 2017

The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% for an 11th straight year, reflecting the huge hurdles the Trump administration faces in trying to speed up a 7½-year-old expansion.

Gross domestic product, the official score card for the economy, expanded at a 1.9% annual clip from October to December, the Commerce Department said. That’s a marked drop from a 3.5% growth rate in the third quarter and below the 2.2% MarketWatch-compiled consensus.

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