U.S. economic growth revised higher on spending, inventories

UNITE STATES GDP grew at 2.9 percent in the fourth quarter of 2017 while consumer spending rose 4 percent. / BLOOMBERG
UNITE STATES GDP grew at 2.9 percent in the fourth quarter of 2017 while consumer spending rose 4 percent. / BLOOMBERG
NEW YORK - The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released Wednesday. Highlights of fourth-quarter GDP (Third estimate) Gross domestic product grew at a 2.9 percent…

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