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US economy loses steam as imports surge

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US economic growth slowed unexpectedly to an annualised rate of 2.6% in the last three months of 2017, the Commerce Department said on Friday.Economists had expected the rate to be 3% – the same as the three months to September.A surge in imports was blamed for the slowdown, which meant growth for 2017 came in at 2.3%. That was better than the 1.5% posted in 2016, but well short of President Donald Trump’s 3% target.
Source: BBC