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    U.S. revised GDP grew 2.2% in the fourth quarter | 27.02.2015

     

    The U.S. Commerce Department released gross domestic product (GDP) figures on Friday. The U.S. revised GDP grew 2.2% in the fourth quarter, lower than the previous estimated growth of 2.6%.

     

     

    Analysts had expected U.S. GDP to rise 2.1%.

     

     

    Consumer spending rose by 4.2% in the fourth quarter, the fastest pace since the first of 2006.

     

     

    Business investment slowed in the fourth quarter and grew at 4.8% in fourth quarter.

     

     

    Exports climbed 3.2% due to a stronger dollar and trouble in Asia and Europe.


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