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The U.S. gross domestic product (GDP) increased at a 2.6% annual rate in the fourth quarter of 2014, well below expectations.
However, this growth contributed to a 2.4% increase for the full year, which was 20 basis points above 2013 levels and the strongest growth since 2010.
Declining oil prices in the latter half of the year, along with a myriad of other factors helped accelerate consumer spending growth, which had a positive impact on U.S. retail fundamentals.
Source : Cushman & Wakefield
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