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wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest / January 27, 2017
In the final quarter of the Obama Reign of (Economic) Error, the US economy slowed to under 2% (at 1.9% QoQ). GDP YoY is also 1.9%.
The deceleration in real GDP in the fourth quarter reflected a downturn in exports, an acceleration in imports, a deceleration in PCE, and a downturn in federal government spending that were partly offset by an upturn in residential fixed investment, an acceleration in private inventory investment, an upturn in state and local government spending, and an acceleration in nonresidential fixed investment.
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