(MENAFN) US economic growth slowed in Q4 with businesses less aggressive in their efforts to cut unwanted inventory, which could hurt output.
Furthermore, GDP grew at a 1.0 percent annual rate instead of the previously reported 0.7 percent pace, according to the Commerce Department.
The fourth-quarter GDP growth would be revised down to a 0.4 percent pace, while the economy increased at a rate of 2.0 percent in the Q3.
In addition, inventories subtracted only 0.14 percentage point from GDP growth instead of the previously reported 0.45 percentage point.
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