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Sunday, March 27, 2011

U.S. GDP better than expected in Fourth Quarter




March 25 (Bloomberg) -- The U.S. economy grew at a 3.1 percent annual rate in the fourth quarter. This was led by a jump in consumer spending.

Bloomberg's Michael McKee reports: 

The revised increase in gross domestic product compares with a 2.8 percent estimate issued last month, figures from the Commerce Department showed in Washington.

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