The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate.
U.S. gross domestic — the nation's output of goods and services — decelerated in the fourth quarter after registering impressive growth of 4.4% from July through September and 3.8% from April through June. The latest number was marked down from the Commerce Department's previous estimate of 0.7% fourth-quarter growth.
