TechFlow News: On February 20, according to JIN10 Data, the U.S. economy slowed in the fourth quarter of last year, impacted by the record-breaking government shutdown last fall and a deceleration in consumer spending. Data released by the U.S. Department of Commerce on Friday showed that the seasonally adjusted and inflation-adjusted annualized growth rate of U.S. gross domestic product (GDP) stood at 1.4% for the fourth quarter of last year. This figure fell significantly short of the 2.5% forecast by economists surveyed by The Wall Street Journal. The fourth-quarter growth rate marked a sharp slowdown from the remarkable 4.4% growth recorded during the summer. Federal government spending declined by 16.6% in the fourth quarter.
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