Via Washington Post:
The U.S. economy slowed to a crawl in the last three months of 2015, new government data showed Friday, an indication of how tepid global growth is exposing new weaknesses in the nation’s long and sluggish recovery.
Gross domestic product, a measure of overall output, expanded at a seasonally adjusted rate of 0.7 percent between the months of October and December — just the second time in seven quarters that the nation has registered growth under 1 percent.
The pace, in line with economists’ expectations, shows an economy that is being driven by steady consumer spending but weighed down by business cutbacks and a yawning trade deficit.