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US economic growth slows in fourth quarter on surging imports
Published Fri, Jan 26, 2018 · 09:50 PM
Washington
US economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge in imports.
Gross domestic product increased at a 2.6 per cent annual rate and also held back by a modest pace of inventory accumulation, the Commerce Department said in its advance fourth-quarter GDP report on Friday.
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