Barclays, J.P. Morgan cut U.S. fourth-quarter 2018 GDP view after retail sales plunge

Barclays and J.P. Morgan on Thursday reduced their estimates on U.S. economic growth in the final quarter of 2018 following data that showed domestic retail sales took a 1.2 percent spill in December, which was its steepest monthly drop in nine years.

Source: Business

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