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The US economy grew at an annualized rate of
0.4 per cent in the fourth quarter of 2012, a revised government
estimate showed Thursday.
The growth in real gross domestic product (GDP) reflected a bigger
gain in personal spending, business investment and a decrease in
imports, the Bureau of Economic Analysis said.
The data are the third revised estimate of GDP and are based on
more complete source data than were available for the second estimate
of 0.1 per cent issued last month.
The bureau's statistics also showed that a drop in government
spending is still weighing on growth.
The figure for the fourth quarter follows a growth estimate of
3.1 per cent in the third quarter.
