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The US economy grew at an annual rate of 2.2 percent in the fourth quarter, slowing sharply from the prior quarter, the Commerce Department said Friday. The department left unrevised its previous estimate of gross domestic product growth, which analysts had expected would be raised to a 2.4 percent pace after the economy's blistering 5.0 percent growth in the third quarter. Consumer spending, which accounts for more than two-thirds of output in the world's largest economy, rose 4.4 percent, the strongest increase in nearly nine years. In 2014, the economy grew 2.4 percent, picking up from the 2.2 percent rate in 2013.
LAUSANNE, Switzerland (AP) — Iran's foreign minister sought Friday to dismiss concerns that his country's preoccupation with the crisis in Yemen could pre-empt attempts to find common ground at nuclear talks with six world powers, saying the negotiations remained focused on sealing a deal.