U.S. Economy Picked Up In Fourth Quarter

Posted by | January 27, 2012 10:59 | Filed under: Top Stories

Consumer spending is improving as customers are returning to auto showrooms and malls.

Gross domestic product, the value of all goods and services produced, grew at a 3 percent annual pace after advancing 1.8 percent in the previous three months, according to the median forecast of 79 economists surveyed by Bloomberg News. Household purchases, which account for about 70 percent of the economy, may have climbed 2.4 percent, the survey showed.

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By: Alan

Alan Colmes is the publisher of Liberaland.

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