US economy slows sharply to 0.5% in Q4 after government shutdown
The US economy grew at a modest 0.5% annual rate in the fourth quarter, reflecting the impact of last fall’s 43-day government shutdown, the Commerce Department reported Thursday (April 9), revising its earlier estimate of 0.7%. This slowdown follows strong growth in previous quarters, with the economy expanding 4.4% in Q3 and 3.8% in Q2….
