The Commerce Department reported that, in the third and final estimate for the fourth quarter of 2010, the U.S. economy grew at a seasonally adjusted annual rate of 3.1 percent, up from the prior estimate of 2.8 percent.The upward revision was due mostly to higher business investment and a smaller inventory build.Friday, March 25, 2011
Q4 GDP Growth Revised from 2.8% to 3.1%
The Commerce Department reported that, in the third and final estimate for the fourth quarter of 2010, the U.S. economy grew at a seasonally adjusted annual rate of 3.1 percent, up from the prior estimate of 2.8 percent.The upward revision was due mostly to higher business investment and a smaller inventory build.
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