US economy grows steadily, but coronavirus impact looms
Consumer spending, which makes up about two-thirds of the Us economy, revised down
27 February 2020 - 20:33
Washington — Underlying demand in the US economy was slower than initially reported at the end of 2019, putting growth on a weaker footing ahead of risks from the coronavirus in 2020.
Upwardly revised contributions from trade and inventories kept GDP expanding at a solid 2.1% annualised rate in the fourth quarter, matching estimates for no revision of the initially reported rate, commerce department data showed on Thursday...
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