US fourth quarter growth revised down to 5.6pc

The US economy grew at a slower pace than expected in the final quarter of 2009 as consumer and business spending slackened amid a fragile recovery from recession, the government said Friday.
The world's largest economy grew by 5.6 percent in the October-December period, the Commerce Department said, revising downward an earlier estimate of 5.9 percent growth in gross domestic product, a key economic benchmark.

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US fourth quarter growth revised down to 5.6pc

The US economy grew at a slower pace than expected in the final quarter of 2009 as consumer and business spending slackened amid a fragile recovery from recession, the government said Friday.
The world's largest economy grew by 5.6 percent in the October-December period, the Commerce Department said, revising downward an earlier estimate of 5.9 percent growth in gross domestic product, a key economic benchmark.

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