US GDP growth falls sharply to 1.4% rate in fourth quarter
Figure hit by drop in government spending during federal shutdown comes in far below analysts’ expectations
Figure hit by drop in government spending during federal shutdown comes in far below analysts’ expectations

Economists warn hit to government spending risks doing lasting damage to GDP

Revised figures show GDP rose at a 0.7% rate in fourth quarter, down from earlier reading of 1.4%

Increasingly bifurcated economy undermines strong GDP and productivity growth

Expansion of 0.3% marks a sharp slowdown from 0.7% in first three months of the year

Figure caps year of lacklustre growth marked by trade shocks

Figure surpasses expectations after growth boosted by consumer spending