NY Times: U.S. Economy Barely Grew Last Quarter, Stoking Concerns About Momentum in 2016

Fro the New York Times — The American economy finished the year on a flat note, much as it started 2015, stoking concern about its vulnerability in the months ahead to turmoil in China and elsewhere in the global economy.

But most economists expect activity to rebound as the year unfolds and continue to grind out steady but hardly spectacular growth. Over all, the economy expanded at an annual rate of just 0.7 percent in the fourth quarter of 2015, the Commerce Department said Friday.

It could have been worse: Ahead of the report, a few economists on Wall Street predicted that the economy might have contracted last quarter, while others forecast no growth.

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