US real gross domestic product (GDP) increased at an annualised 5.9 percent rate in the fourth quarter of 2009, after increasing 2.2 percent in the third quarter, according to estimates released today by the Bureau of Economic Analysis. The fourth-quarter growth rate was revised up 0.2 percentage point from the advance estimate released in January. Economic growth accelerated to the strongest pace in more than six years late last year, as revisions showed businesses slowed inventory reduction and boosted spending, but consumers spent less than first estimated.
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