US gross domestic product, the value of every thing and service created domestically, rose at a 2.6% annualized rate in the fourth quarter. This was weaker than the 3% growth rate that economists forecast and that the Trump administration set as a target. Still, consumer spending, the biggest contributor to growth, grew at its fastest pace in more than a year. Growth was hindered most by a widened trade deficit. The US economy grew more slowly than expected in the fourth quarter,...
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