Economy

Demeter

(85,373 posts)

60. US economy expands by 2.8% in the fourth quarter

Fri Jan 27, 2012, 01:14 PM

Jan 2012

The US economy grew 2.8 per cent in the final three months of 2011 as consumers ramped up spending and businesses boosted production.

The commerce department’s initial reading of gross domestic product growth in the fourth quarter missed economists’ expectations of a 3 per cent annualised pace, following the third quarter’s tepid 1.8 per cent increase.

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http://link.ft.com/r/6NPSBB/QNCME7/B49CK/TU8LDJ/JEHFFX/SN/t?a1=2012&a2=1&a3=27

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