U.S. Economy Grew Anemic 0.7% in Fourth Quarter

WASHINGTON—The U.S. economy limped into 2016, weighed down by global headwinds that dented business investment and exports. Gross domestic product, the broadest measure of economic output, expanded at a 0.7% seasonally adjusted annualized rate in the fourth quarter, the Commerce Department said Friday. The economy had advanced 2% in the third quarter and 3.9% in the second. While a disappointment, it isn’t clear whether the…