The surprisingly large expansion of U.S. gross domestic
product in the fourth quarter of last year turned out to be
even stronger than initially thought, with the Commerce
Department revising the figure upwards from 5.7 percent to 5.9
percent, according to Bloomberg. The initial report released
last month beat growth forecasts from economists, and the
revision surprised markets again, led by inventory restocking
and the fastest pace of investment in software and equipment in
nearly 10 years.
The final review of fourth quarter growth data will be in
March after the government collects more information, such as
corporate profits. Despite the strong growth, the economy still
shrank 2.4 percent for 2009 as a whole, the largest contraction
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