( ) -q-26- UNDATED (Correspondent Jeremy House) “buildings and software.” The U.S. economy grew at a 3.4% annual pace from October through December. [CutID: <Cuts> ECONOMY-GDP-house-q-THUam.mp3 Time: 26s Title: ECONOMY-GDP-house-q-THUam Out-cue: buildings and software] TAG: Correspondent Jeremy House reporting. ——————————– VERBATIM: The Commerce Department says the latest figure was an upgrade from its previous estimate […]
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Last quarter’s economic growth revised up to healthy 3.4% annual rate
( ) -q-26- UNDATED (Correspondent Jeremy House) “buildings and software.”
The U.S. economy grew at a 3.4% annual pace from October through December.
[CutID: <Cuts> ECONOMY-GDP-house-q-THUam.mp3
Time: 26s
Title: ECONOMY-GDP-house-q-THUam
Out-cue: buildings and software]
TAG: Correspondent Jeremy House reporting.
——————————–
VERBATIM: The Commerce Department says the latest figure was an upgrade from its previous estimate of 3.2%. The department’s revised measure of the nation’s gross domestic product confirmed that the economy decelerated from its 4.9% rate of expansion in the July-to-September quarter. But last quarter’s growth came in the face of higher interest rates and was powered by growing consumer spending, exports and business investment in buildings and software.