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US Economy Cooled In 4QFY2014, But Growth Prospect Looks Positive, Despite Wages Being Weak
The US economy slowed down in the fourth quarter of the fiscal year 2014, due to less expenditure of the businesses that are carried out in the States. GDP as reported by the US Commerce Department, increased at an annual rate of 2.2% in the fourth quarter, compared to a growth of 5% in the third quarter. It was 0.6% higher on annual recording than the expected forecast of 2% by the economist analysts.
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