Economists are slashing 4th-quarter GDP forecasts — citing poor holiday sales and warm winter weather
Business·2020-01-18 03:25
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Spencer Platt/Getty Images
Economists are lowering their fourth-quarter GDP expectations as holiday sales arrive lower than anticipated and utility use slows.
slashed its fourth-quarter growth estimate to 2% from 2.2%, while dropped its expectation to 1.5% from 2%.
……Business Economy
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