Tag: Gross domestic product

US fourth-quarter growth cut down to 2.4 percent

US fourth-quarter growth cut down to 2.4 percent

| February 28, 2014

Courtesy of Reuters: The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion. Gross domestic product expanded at a 2.4 percent annual rate, the Commerce Department said on Friday. That was down sharply from […]

Read More