US Economy Stumbles: Q4 Growth Plummets to 0.7%, Far Below Estimates

• The US economy grew by a mere 0.7% in the Oct-Dec quarter, significantly lower than the initial estimate of 1.4%.
• This revised figure is a shock, as economists expected higher growth, not half of the initial projection.
• Q4 growth sharply declined from 4.4% in Q3, painting a troubling picture of sluggish growth and falling employment.
• Under President Donald Trump, the economy added fewer than 10,000 jobs a month, and last month saw a loss of 92,000 jobs.
• Consumer spending growth fell to 2%, and the manufacturing sector lost 72,000 jobs due to sweeping tariffs.