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Q4 GDP growth faster than estimated

Expansion fuelled by strong consumer spending on services

[WASHINGTON] The US economy grew more rapidly in the fourth quarter than previously estimated as consumer spending climbed by the most in three years, showing that the expansion had momentum heading into this year's harsh winter.

Gross domestic product (GDP) grew at a 2.6 per cent annualised rate from October till December, more than the 2.4 per cent gain reported last month, figures from the Commerce Department showed yesterday in Washington.

Robust consumer spending on services, particularly health...

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