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- Revision to U.S. GDP shows growth in Q4
Revision to U.S. GDP shows growth in Q4
While
fourth quarter U.S. GDP data was revised to show economic growth compared to
the previously reported contraction, the pace of growth fell well short of
economist estimates.
A report
released by the Commerce Department on Thursday said GDP increased at an annual
rate of 0.1 percent in the fourth quarter compared to the 0.1 percent drop that
was originally reported.
Economists
had been expecting a more substantial upward revision, with the consensus
estimate calling for the revised report to show 0.5 percent growth.
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