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US GDP Grows at 2.2 Percent Rate in Last 2014 Quarter

The U.S. economy expanded at a 2.2 percent annual pace in October, November and December of 2014, which is much slower than growth in the previous quarter. A government report issued Friday says lower federal spending and rising imports restrained growth. The analysis is a final revision of the fourth quarter growth figures, based on the most complete data. The figures surprised many economists who had predicted slightly higher growth for the last few months of the year. The report...

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