WASHINGTON: The US economy grew slightly in the fourth quarter last year, the government said Thursday, revising its prior estimate of a small contraction.
Gross domestic product grew at an annual rate of 0.1 per cent in the October-December period, the Commerce Department said in its second official estimate. In its initial estimate in January, GDP contracted by 0.1 per cent.
The revision did not change the growth rate for all of 2012 of 2.2 per cent, helped by a solid 3.1 per cent pace in the third quarter.
- AFP/fa
US economy grows 0.1% in Q4
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US economy grows 0.1% in Q4
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US economy grows 0.1% in Q4
