The Tribune of the People

The pace of US economic growth increased in the final three months of 2011, according to official figures.

The economy grew at an annualised rate of 2.8%, the Commerce Department said.

This was up from the 1.8% annual rate recorded in the previous quarter, although it was slightly lower than the 3% rate predicted by analysts.

However, the growth largely came from businesses stockpiling goods they had produced, rather than selling them.

Although the stockpiling lifted the figures, analysts believe businesses will not continue doing this, resulting in a lower growth figure for the current quarter.

The pace of consumer spending picked up to 2% from 1.7% in the previous quarter.

via BBC News – Growth in the US economy quickens in fourth quarter.

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About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on January 31, 2012, in Word from Bill. Bookmark the permalink. Comments Off on .

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