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February 27, 2020

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U.S. fourth quarter GDP unrevised; weakness in business spending persists

Market NewsBy Samuel ObayomiFebruary 27, 2020

Business Spending is one of the main drivers of US economy. Business investment decreased by 2.3% rate in the 2019 fourth quarter, while consumer spending increased by 1.7 in the fourth quarter 2019. These led the US Gross domestic product to increase by 2.1% annualized rate. Reuters

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