(GDP article updated with additional information)NEW YORK ( TheStreet) -- The economy expanded at a faster pace in the fourth quarter, driven by higher exports and consumer spending, the government said early Friday. According to an advance estimate from the Bureau of Economic Analysis , the U.S. gross domestic product or GDP grew 3.2% in the final quarter of the year, up from 2.6% in the third quarter. Economists forecast economic growth at 3.5% according to Bloomberg, with estimates ranging from 2.9% to 5.4%. The advance estimate is, however, based on incomplete information. The government will release two more revisions to its estimates over the next two months.