US economy expanded at sluggish 0.7% in fourth quarter

ABC News
March 13, 2026
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1 min read

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US economy grew only 0.7% in fourth quarter due to 43-day government shutdown.

How This Affects You

Sluggish economic growth may limit job opportunities and wage increases in your area.

AI Summary

The Commerce Department reported Friday that the U.S. economy grew at just 0.7% annually in the fourth quarter, a significant downgrade from its initial estimate. The department attributed the sluggish growth to the 43-day government shutdown that occurred last fall.

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