US GDP growth accelerates in fourth quarter
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The latest GDP figures from the US reveal that GDP growth accelerated during the fourth quarter of 2011.
Fourth quarter growth was an improvement on a disappointing showing of 1.8% reported during the third quarter, but was still below consensus forecasts of 3.1%.
The US was the only country that escaped having its growth expectations downgraded by the International Monetary Fund earlier this week.
The growth outlook for the US remains at 1.8% for 2012, according to the World Economic Outlook update.
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