Bad news for Dems


The U.S. economy grew at a 3.8 percent annual rate in the fourth quarter, the government reported Friday, much stronger than previously estimated due to a stronger trade and investment performance.

Gross domestic product, the broadest measure of the nation's economy, grew at the revised rate in the quarter rather than the 3.1 percent rate reported a month ago. That was slightly stronger than the 3.7 percent rate that Wall Street economists had forecast and only a small decline from the third quarter's 4 percent pace.

Nearly half the revision stemmed from a stronger trade performance, reflecting more robust exports than previously thought.


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