U.S. economy expands slowly at 0.7% in fourth quarter, downgrading from initial government estimate
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The Bottom Line
U.S. economy grew only 0.7% in fourth quarter, much lower than originally estimated.
How This Affects You
Slower economic growth may lead to fewer job opportunities and reduced wage increases.
AI Summary
The U.S. government revised down its fourth-quarter GDP growth estimate to 0.7%, marking a sharp decline from 4.4% in the third quarter and 3.8% in the second quarter of last year.
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