Pursuits
U.S. Economy Expanded Less Than Forecast in Fourth Quarter
U.S. GDP Growth Misses 4Q Expectations at 2.6%
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American consumers stepped on the gas in the fourth quarter, just as companies hit the brakes.
The result was that while the world’s largest economy grew at a 2.6 percent annualized rate, the gain fell short of the median forecast of economists surveyed by Bloomberg and was well below the 5 percent pace in the third quarter, Commerce Department figures showed Friday in Washington.