Supported by a robust growth in exports and business spending on equipment and software, the US economy grew at a healthy 5.7% annual growth rate in Q4-09, the fastest pace of growth since 2003. A staatement by the government that the US economy is growing faster than expected suggests a rise in energy consumption and has propped up crude oil prices.
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Sunday, January 31, 2010
US economy growing faster than expected, oil prices rise to US$74
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