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LATEST US DATA

Q4 GDP growth slows on weak business spending

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US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

Washington

US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

Gross domestic product (GDP) expanded at a 2.6 per cent annual pace after the third quarter's spectacular

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