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U.S. Economy Growth Fails to Meet Expectations in Fourth Quarter


U.S. economic growth unexpectedly slowed in the fourth quarter, increasing at a 2.6 percent annual rate. Economists polled by Reuters had previously predicted that the economy would expand at a 3.0 percent pace in the last three months of 2017. Consumer spending, which accounts for over two-thirds of economic activity, increased at a 3.8 percent rate in the fourth quarter, the quickest pace in three years.

Added on the 26/01/2018 09:20:55 - Copyright : Wochit

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