SEARCH
« Ron Paul Spars With Fed Chairman Ben Bernanke | Main | Microsoft Unveils Windows 8 Operating System »
Wednesday
Feb292012

US Economy Grew 3% in Fourth Quarter of 2011

Comstock Images/Thinkstock(WASHINGTON) -- The Commerce Department announced on Wednesday that the U.S. economy grew at a slightly faster pace during the last three months of 2011 than had previously been reported.

The agency said the country's gross domestic product (GDP) increased at an annual rate of 3 percent in last year's fourth quarter, up from the previous estimate of 2.8 percent.  The revised figure marks the strongest growth in a year and a half.

The increase was boosted by rising consumer incomes and a higher savings rate.

Copyright 2012 ABC News Radio







ABC News Radio