US economy grew slightly in 2012 fourth quarter | Bangkok Post: news

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US economy grew slightly in 2012 fourth quarter

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The US economy grew slightly in the fourth quarter last year, the government said Thursday, revising its prior estimate of a small contraction. 

Building work at the Arbor Rose housing development in San Mateo, California, last week. The US economy grew slightly in the fourth quarter of 2012, the government said Thursday, revising its prior estimate of a contraction.

Gross domestic product grew at an annual rate of 0.1 percent 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 percent.

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