Find a page

US Q4 growth revised down to 2.2%
27 Feb 2015 16:04
US economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit.
-
US gross domestic product expanded at a 2.2% annual pace, revised down from the 2.6% pace estimated last month, the Commerce Department said.
-
The economy grew at a 5% rate in the third quarter. The fourth-quarter revision was generally in line with expectations.
-
With consumer spending accelerating at its quickest pace since the first quarter of 2006 and sturdy gains in other measures of domestic demand, the slowdown in growth is likely to be temporary.
-
Growth in consumer spending, which accounts for more than two-thirds of US economic activity, was revised down by one-tenth of a percentage point to a 4.2% pace in the fourth quarter, still the fastest since the first quarter of 2006.
-
A tightening labour market and lower fuel prices are likely to keep supporting domestic demand and help the economy navigate a turbulent global economy.
-

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.