U.S. economy grew a sluggish 0.7% in Q4 after 43-day shutdown, Commerce revises estimate
Lead The U.S. economy expanded at a disappointing 0.7% annual rate in the fourth quarter (October–December), the Commerce Department reported on Friday, sharply revising down its prior 1.4% estimate. Officials and analysts said the 43-day federal government shutdown last fall was a key drag, and the downgrade marks a notable slowdown from the 4.4% growth … Read more