Pursuits
Economic Growth in U.S. Cracking Under Strain of Global Slowdown
- Retail sales, manufacturing and prices fall in December
- Economists cut tracking estimates for fourth-quarter GDP
U.S. Retail Sales Disappoint, Weakest Since 2009
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The U.S. may not be immune from the global slowdown after all.
Figures on retail sales and manufacturing Friday showed the world’s largest economy ended the year on a weak note, and the start of 2016 wasn’t any better. The one saving grace was a pickup in consumer confidence, but that was mainly because households believed inflation will be low, making subdued wage gains look good by comparison.