U.S. Economy Grew Slower During 2019’s 4th Quarter

The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that’s likely to depress growth in the first quarter as well, according to MarketWatch.

Gross domestic product, the official scorecard for the economy, expanded at a 2.2% annual pace in the fourth quarter, the government said Thursday (March 28). GDP was marked down from an initial 2.6% estimate.

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