Initial estimate cites brisk GDP growth
The U.S. Department of Commerce estimated that real Gross Domestic Product increased 5.7 percent in the fourth quarter of 2009, the second quarterly gain after four straight declines. GDP had increased 2.2 percent in the third quarter. The fourth-quarter result was driven in part by slower inventory reductions, although businesses continued to draw down inventories for the seventh straight quarter. Business investment rose, particularly for equipment and software, and the rise in import spending slowed compared with third quarter. Disposable personal income rose 2.1 . . .
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