
Gross domestic product grew at a 3.2% in the final quarter of 2013, the Commerce Department said, in line with economists' expectations. The pace of expansion in October, November and December slowed a bit from the third quarter, when the economy grew at an annual rate of 4.1%. Consumer spending was the main driver of fourth-quarter growth, but there was also help from other segments of the economy such as trade and business investment.
Background
U.S. Economy Grew 3.2 Percent in Fourth Quarter [NYT]
Households, trade keep U.S. economy humming in fourth quarter [Reuters]
U.S. GDP Report Won’t Change Market Math (Sorry, Emerging Markets) [WSJ]