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Saturday, 26 March 2016 - 6:53
US economic growth revised upward
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According to official figures, the US economy grew at an annualised rate of 1.4% in the fourth quarter of 2015.

The US Commerce Department revised its fourth quarter GDP to upward from an initial estimate of 0.7%.

Overall, the US economy is estimated to have grown at a rate of 2.4% for all of 2015.

One reason for the revised figure was greater consumer spending than officials initially thought, boosted by an improving labour market.

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