Economy Grows at Slow Pace

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The economy grew at only a 1.1 percent annual rate in the fourth quarter of last year, the slowest pace in three years, amid belt-tightening by consumers facing spiraling energy costs.


Even with the feeble showing from October through December, the economy registered respectable overall growth of 3.5 percent for all of 2005, a year when business expansion was undermined by devastating Gulf Coast hurricanes.


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