The U.S. economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on Friday.
In its second reading of fourth-quarter gross domestic product, the Commerce Department said the economy grew at a 5.9 percent annual rate, rather than the [...]
Posts Tagged ‘economy grew’
U.S. economic growth revised up on inventories
February 26th, 2010 by HardMoney Writer
Tags: business investment, businesses, commerce department, economy grew, inventories, US Economy
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