US economy grew meager 0.7% in Q4 in big downgrade from initial estimate — here’s why
Consumer spending grew at a 2% clip, down from 3.5% in the third quarter and the 2.4% the government had initially estimated.
The US economy, hobbled by last falls 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big… [+2902 chars]