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    US growth slows, Fed says just temporary

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    euronews (in English)

    by euronews (in English)

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    The US economy unexpectedly contracted in the fourth quarter of last year.

    But the experts say don't panic - as consumer spending and business investment picked up.

    They also point out that much of the decline was due to a plunge in government spending, particularly on defence, and businesses scaling back on restocking, that is letting their inventories fall.

    ...
    http://www.euronews.net/