
Full-year US economic growth slowed to 1.9 per cent – from 2.8 per cent in 2012 – in 2013 despite a strong second half, according to fourth quarter initial estimates by the US Bureau of Economic Analysis.The slowdown last year was due to a large decrease in federal government spending after an austerity budget took effect in March.Other causes were slower growth in personal consumption, commercial real estate investment and exports, the bureau said.
GMT 17:19 2018 Thursday ,11 January
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