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Growth

GDP Revised Upward

Rises 5.9 percent—best in 6 years.

The U.S. economy grew by 5.9 percent in the fourth quarter of last year, the government reported on Friday. The strong showing, an upward revision of the figures the government reported last month, is the steepest rise in gross domestic product in the last six years, although the overall rate for 2009—a decline of 2.4 percent—was the worst yearly performance since 1946. According to The Wall Street Journal, U.S. stock futures have dropped in the wake of the GDP news as investors fear that this level of growth is unsustainable.

Read it at Bloomberg

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