US economic growth revised lower in fourth quarter

Core Viewpoint - The U.S. economy's growth rate for the fourth quarter has been revised downwards, indicating slower economic performance than previously estimated [1][2]. Group 1: GDP Growth Data - The Bureau of Economic Analysis (BEA) reported a second estimate of fourth-quarter GDP growth at a rate of 0.7% [2]. - This revised figure is lower than the 1.4% growth rate predicted by economists surveyed by LSEG [2]. - The new estimate is also below the initial GDP growth estimate of 1.4% released by the Commerce Department [2].