Wages, but the pace was slower than market expectations. Consumer spending, which accounts for about 70 of gdp, rose 2. 5 . Corporate investment on equipment was also up 2. 4 and Housing Construction gained 10. 2 . But exports shrank 4. 3 . Its first contraction in three quarters. For the 2016 calendar year, the economy grew 1. 6 . Thats down from 2. 6 in 2015. President donald trump says his administration will try to achieve 4 annual growth through infrastructure spending. Russian president Vladimir Putin and u. S. President trump are expected to hold their first talks by telephone on saturday. Putin told reporters last week he will congratulate trump on his inauguration. He added they may discuss when to have their first meeting face to face. U. S. And russian talks deteriorated after u. S. President barack obama imposed sanctions against the country over the situation in ukraine. But trump is showing his willingness to cooperate with putin on military operations against Islamic Sta
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