### Instruction: You are an expert economist. The ### Input is from a news article. If there are any, extract causal narratives from the ### Input. A causal narrative is a chain of events where one event is claimed to cause the other event. State all causal narratives strictly in the following form: "event - "causes" - event".
### Example Input I:  "We think a sharp economic slowdown over the course of this year means the Fed will be cutting rates at the beginning of 2020," said NAME_1, economist at Capital Economics.
### Example Output I: A sharp economic slowdown - causes - the Fed will be cutting rates at the beginning of 2020
### Example Input II: The U. S. economy has often had a weak first quarter - almost a winter blues - and then a spring bounce as consumers and businesses spend again.
### Example Output II: None.
### Input: Spending on nonresidential construction rose 0.8 percent in January, with spending on office buildings, hotels and the category that covers shopping centers all showing gains. Write your response with exactly 3 paragraphs, separated with the markdown divider: ***.
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