The Traderszone Network

Published in TZ Latest News 28 January, 2016 by The TZ Newswire Staff

U.S. economy likely hit a speed bump in fourth quarter

U.S. economic growth likely braked sharply in the fourth quarter as businesses doubled down on efforts to reduce an inventory glut and unseasonably mild weather cut into consumer spending on utilities and apparel. Gross domestic product probably rose at a 0.8 percent annual rate, according to a Reuters survey of economists, also as a strong dollar and tepid global demand hurt exports, and lower oil prices continued to undercut investment by energy firms.

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