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GDP grows at 5.7% in fourth quarter

January 29, 2010

U.S. real gross domestic product rose at an annual rate of 5.7% in the fourth quarter, according to the U.S. Commerce Department's advance estimate released today.

MarketWatch reported the growth was the fastest in six years, but said that most economists believe the pace of growth will be around 3% in 2010.

Real GDP had grown at an annual rate of 2.2% in the third quarter. It fell 0.7% in the second quarter and declined 6.4% in the first.

For full-year 2009, real GDP fell 2.4%. It had grown 0.4% in 2008.