Topline
The U.S. economy grew more than expected in the fourth quarter despite key measures of activity—including consumer spending and business investments—weakening amid worsening layoffs and a deteriorating overall outlook, prompting experts to warn the economy could start to shrink again as soon as this quarter.
Key Facts
U.S. gross domestic product grew at an estimated annual rate of 2.9% in the fourth quarter—after 3.2% growth in the third quarter— more than the 2.6% economists expected, the Bureau of Economic Analysis reported Thursday.
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