Economy

January 29, 2010

U.S. economy grew 5.7% in 4th quarter, capping dismal year

The U.S. economy grew by a better-than-expected 5.7 percent annual rate during the final quarter of 2009, the Commerce Department reported Friday. However, economists think that pace is unlikely to continue. The surprisingly strong number followed a 2.2 percent annualized growth rate in the third quarter of 2009. The combined half-year record strongly suggests that the deep U.S. recession is over, though the economy remains hobbled.

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