US economy grew a sluggish 0.5% in fourth quarter, government says, downgrading previous estimate - AP News

The government announced that the U.S. economy grew by a sluggish 0.5% in the fourth quarter, downgrading its previous estimate for that period. This revised figure indicates a significantly slower pace of economic expansion than initially reported. The updated data reflects a weaker performance in the final three months of the year, potentially impacting economic outlooks for the current administration. This slowdown could influence policy discussions regarding fiscal and monetary strategies as the Trump administration continues its second term.