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The U.S. Commerce Department released gross domestic product (GDP) figures on Friday. The U.S. revised GDP grew 2.2% in the fourth quarter, lower than the previous estimated growth of 2.6%.
Analysts had expected U.S. GDP to rise 2.1%.
Consumer spending rose by 4.2% in the fourth quarter, the fastest pace since the first of 2006.
Business investment slowed in the fourth quarter and grew at 4.8% in fourth quarter.
Exports climbed 3.2% due to a stronger dollar and trouble in Asia and Europe.
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