US 4th quarter growth faster than thought: 0.4% | Bangkok Post: news

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US 4th quarter growth faster than thought: 0.4%

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The US economy grew more strongly than initially thought in the fourth quarter last year but was still moving at a sluggish 0.4 percent annual pace, the Department of Commerce said Thursday. 

Omar Ahmad looks a jobs online during a hiring fair for veterans and military spouses in New York, March 27, 2013. US economic growth in the fourth quarter was faster than originally thought at 0.4 percent, the Department of Commerce said in its final revision of the estimate Thursday.

That was an improvement over the previous estimate of almost no growth -- just 0.1 percent.

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