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U.S. Fourth Quarter GDP Growth In Line With Estimates

3/29/2012 8:42 AM ET

With a downward revision to exports offset by an upward revision to non-residential fixed investment, the Commerce Department released a report on Thursday showing that the pace of U.S. economic growth in the fourth quarter was unrevised.

The report showed that GDP increased at an annual rate of 3.0 percent in the fourth quarter, unchanged from the previous estimate and in line with economist estimates.

The GDP growth in the fourth quarter still reflects a notable acceleration from the 1.8 percent growth seen in the third quarter.

by RTT Staff Writer

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