Arab Today, arab today us economic growth slows to 22 rate in fourth quarter
Last Updated : GMT 00:27:14
Arab Today, arab today
Arab Today, arab today

US economic growth slows to 2.2% rate in fourth quarter

Arab Today, arab today

Arab Today, arab today US economic growth slows to 2.2% rate in fourth quarter

The US economy grew by 2.2% in the fourth quarter of 2014
Washington - AFP

The US economy expanded more slowly than thought in the 2014 fourth quarter, pressured by a smaller rise in inventories and a larger increase in imports, revised data showed Friday.
The Commerce Department said gross domestic product grew 2.2 percent in the final quarter last year, revising lower its previous 2.6 percent estimate.
The downward revision on GDP expansion was slightly better than expectations of a 2.1 percent gain after the third quarter's robust 5.0 percent pace.
According to newly available economic data, the modest fourth-quarter growth mainly reflected a smaller increase in inventory investment and a higher level of imports, which subtract from GDP, the department said.
Despite falling energy prices that could boost consumer spending, the weakness of the global economy and the dollar's strength weighed on the country's trade balance. Exports rose only 3.2 percent in the fourth quarter, after a 4.5 percent gain in the third and an 11.1 percent jump in the second.
Consumer spending, which accounts for about 70 percent of US economic activity, was the main driver of growth, rising 4.2 percent, a four-year high. The spending contributed about 2.8 percentage points to fourth-quarter growth, the largest share in nearly 10 years.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us economic growth slows to 22 rate in fourth quarter Arab Today, arab today us economic growth slows to 22 rate in fourth quarter

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday