US GDP slows sharply in fourth quarter on weak consumer spending
by Dominic Rushe and agencies from on (#128D6)
US economy slowed to just 0.7% growth in the final three months of 2015 as Americans spent less and businesses cut back on investments
The US economy barely grew in the final three months of 2015, rising at an an anaemic 0.7% annual rate amid signs of a global economic slowdown.
Related: US economic growth slows sharply in fourth quarter - live
Continue reading...