U.S. economy grows at 1.4% rate in the fourth quarter, slower than economists expected
America's gross domestic product -- the nation's output of goods and services -- increased at an 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.
U.S. economy grows at 1.4% rate in the fourth quarter, slower than economists expected The United States’ gross domestic product saw a 1.4% annual rate increase in the fourth quarter. This represents a notable decrease from the previous two quarters, which experienced growth rates of 4.4% and 3.8% respectively. The Commerce Department released these figures on Friday.
- US GDP grew at a 1.4% annual rate in the fourth quarter.
- This is a decrease from the 4.4% growth in the July-September quarter.
- The previous quarter also saw a slower growth rate of 3.8%.
No comments yet.