housing sector
U.S. economy picks up in Q4 2011Posted by RJ and Makay on Jan 27, 2012 |
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The U.S. economy grew at an annualized rate of 2.8% in the fourth quarter of 2011, short of economists’ forecasts but at a stronger pace than the 1.8% gain in gross domestic product (GDP) in the third quarter of last year, according to the Commerce Department. A Bloomberg survey of 79 economists had made a mean forecast of a 3% rise in Q4 GDP. For all of 2011, the economy expanded at a rate of 1.7%, down from 3% in 2010.
