US economic growth revised to 3% in Q4

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Source: Forexpros
The US GDP grew more than initially reported in the last quarter of 2011, according to the Bureau of Economic Analysis. The GDP expanded by 3.0% on a seasonally adjusted basis in Q4 as compared to preliminary reading of 2.8%. Experts predicted the GDP to stay unchanged after revision. The upward revision of personal consumption from 2.0% to 2.1% pushed up the US GDP.




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Thu, 01 Mar 2012 09:54:29 GMT

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