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GDP Drop in US Fourth Quarter

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The United States experienced sharp economic slowdown in the last quarter of 2015. Cuts to consumer and business spending, and troubles abroad led the plunge to 0.7% growth for the quarter ended in December. This weak performance combined with 2016's rocky financial markets are leading experts and consumers alike to question the stability of the economic recovery achieved over the last six and a half years. Economists are hoping for better performance for the first part of 2016, but so far China's economic troubles, historically low oil prices and wavering stock markets are impending significant growth.

Added on the 29/01/2016 09:57:04 - Copyright : Wochit

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