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U.S. economy grew by 3.2pc in Q4

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ANI Washington

The U.S. economy has expanded as the gross domestic product (GDP) grew 3.2 percent in the fourth quarter of 2013.

The Commerce Department said the GDP has matched economists' expectations as American consumers and businesses picked up their spending, the New York Daily News reports.

Overall in 2013, the economy grew just 1.9 percent, down from a 2.8 percent pace in 2012.

According to the report, consumer spending, which grew at a brisk 3.3 percent, was the main driver behind the growth.

 

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First Published: Jan 31 2014 | 3:07 PM IST

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