The US economy grew at the fastest pace in a year and a half in the fourth quarter of 2011, the Commerce Department said on Friday.
The encouraging acceleration ended the year with a positive note, but failed to dispel uncertainties about the economic outlook.
Gross domestic product, the value of all goods and services produced, rose at an annual rate of 2.8 percent in the fourth quarter, the department said in a preliminary report.
It is a considerable increase from the revised 1.8 percent in the third quarter, but still fell short of the economists’ wide expectation of 3 percent, Xinhua reported.
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