U.S. economic growth slows significantly in 4th quarter
The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought.
The increase in the gross domestic product, the broadest measure of economic health, represented a significant slowdown from 3.5 percent growth recorded in the third quarter, the Commerce Department reported Tuesday.
The fourth quarter figure was unchanged from the first estimate a month ago, although some of the components were revised. The government found that consumer spending grew at a faster rate, but spending by state and
A worker looks out from the SLS Lux, 57-story residential and hotel property being built in Miami in January. A report showed housing construction grew at a 9.6 percent rate in the forth quarter.