U.S. economic growth was revised down slightly to a still-solid 2.5 percent annual rate in the final three months of last year, as business spent less on investment and restocking shelves than the government had previously estimated.
The fourth quarter advance in the gross
domestic product, the economy's total output of goods and services,
followed even faster increases of 3.1 percent at a seasonally adjusted
annual rate in the second quarter and 3.2 percent in the third quarter,
the Commerce Department reported Wednesday.. . . more