Gross Domestic Product’s Fourth Quarter Shows Slowest Growth in Six Months

An upward revision is made to the nation’s growth rate.

FOX’s Jon Decker reports from the White House:

The gross domestic product grew at an annual rate of one percent in the fourth quarter, which means the U.S. economy’s slowdown in the final three months of 2015 was not quite as bad as first reported.

Still, the fourth-quarter figure marks the slowest growth in six months.

The upward revision in the GDP number for the fourth quarter left GDP growth for 2015 unchanged at 2.4 percent, the same as last year.

As for this quarter, despite global weakness and financial market turbulence, economists still believe the economy is expected to grow at a much faster rate.

At the White House, Jon Decker, FOX News.