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Q4 GDP Nudged Up On Better Exports, A Good Sign For '05; Output Rose A Solid 3.8%; Business investment also was higher than thought; home resales still strong.(A)
Publication: Investor's Business Daily Publication Date: 28-FEB-05 |
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COPYRIGHT 2005 Investor's Business Daily, Inc.
Byline: KIRK SHINKLE
The U.S. economy grew at a 3.8% annual rate in the fourth quarter, faster than first forecast, thanks to a smaller trade gap and strong software sales, the Commerce Department said Friday.
GDP was revised from an earlier 3.1% pace after Canadian officials corrected $1.4 billion in overlooked U.S. exports during November. Economists expected a revision to at least 3.7%.
"It is encouraging since it suggests the economy has a good deal of momentum in...
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