U.S. economy grew at 2.8 percent rate in fourth quarter

By Associated Press

WASHINGTON — The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011.

Americans spent more on cars and trucks, and companies built up their stockpiles. But growth in the October-December quarter — and all of last year — was held back by the biggest annual government spending cuts in four decades.

 

Read more: http://www.washingtonpost.com/business/economy/economy-likely-strengthened-at-end-of-last-year-but-many-economists-predict-slowdown-ahead/2012/01/27/gIQAt8lmUQ_story.html?wpisrc=al_comboNE_b

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