US GDP falls sharply to 1.4% rate in fourth quarter
Figure hit by drop in government spending during federal shutdown comes in far below analysts’ expectations
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US growth falls sharply to 1.4% annualised rate in fourth quarter
Figure hit by drop in government spending during federal shutdown is far below analysts’ expectations
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
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