Fourth-Quarter GDP Rises 3.0%: Economy Alert

Fourth-Quarter GDP Rises 3.0%: Economy Alert

Fourth-quarter GDP rises 3.0%, the Commerce Department says in its revised estimate.
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NEW YORK (

TheStreet

) - Gross domestic product in the fourth quarter rose 3.0%, according to the second estimate released by the Commerce Department on Wednesday.

  • Economists called for no change to the initial GDP estimate of 2.8%.
  • The government makes three estimates of GDP each quarter. The third estimate of GDP for the October-to-December quarter is scheduled to be issued on March 29.