Economic Growth Again, but Slower - 2004-01-31
The U.S. economy grew at a healthy 4 percent annual rate in the final three months of last year, helped by rising consumer spending, exports and business purchases, the Commerce Department reported yesterday.
The fourth-quarter growth rate was encouraging, economists said, even though it marked a sharp slowdown from the torrid 8.2 percent annual rate clocked in the previous three-month period, when tax cuts and a wave of mortgage refinancings sent consumer spending soaring.
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