Economic expansion in the United States degenerated in the last quarter and amid to grow modestly despite strong consumer spending.
Gross domestic product increased at a yearly pace of 1.9%, based on the second forecast of the Commerce Department, as downward revisions to government and corporate investment outweigh strong consumer data.
The American economy gained 1.6% last year from 2.6% in 2015, its lowest growth since 2011.
President Donald Trump vowed to bolster yearly economic expansion to 4% by easing regulation, escalating infrastructure spending, and implementing tax reductions.
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