#gdp-growth-revision

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#economic-slowdown #government-shutdown-impact #consumer-spending-decline #federal-spending-contraction
Business
fromFast Company
14 hours ago

U.S. economy expanded at just 0.7% in fourth quarter

U.S. fourth-quarter GDP growth was revised down to 0.7% annually, significantly below initial estimates, primarily due to a government shutdown that slashed federal spending by 16.7%.
US news
fromAxios
16 hours ago

Economy showed cracks pre-Iran attack, data shows

Fourth-quarter GDP growth was revised down to 0.7% annualized, half the original estimate, while core inflation rose to 3.1% year-over-year, nearly double the Federal Reserve's 2% target.
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