US Economy Grew at at 5.7% annual rate
AOL.COM – The economy grew faster than expected at the end of last year, though the engine of that growth — companies replenishing stockpiles — is likely to weaken as consumers keep a lid on spending.
The 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. The Commerce Department report Friday is the strongest evidence to date that the worst recession since the 1930s ended last year, though an academic panel that dates recessions has yet to declare an end to it…
Still, economists expect growth to slow this year as companies finish restocking inventories and as government stimulus efforts fade.
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