US GDP Grow 2.9 Percent In 4th Quarter, Driven By Inventories And Service Consumption – Analysis

GDP growth was in line with expectations, with the economy expanding at a 2.9 percent annual rate, down slightly from the 3.2 percent rate in the third quarter. Inventory accumulation was the largest single factor, adding 1.46 percentage points to the quarter's growth. Service consumption added 1.16 percentage points, while a...