USA's GDP growth 2.3 percent

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USA's GDP growth 2.3 percent
Photo: Jake May/AP/TT

The American gross national product (GNP) increased by 2.3 percent in annual terms during the fourth quarter, according to official statistics.

This was in line with expectations. Economists had on average predicted a GNP growth of 2.3 percent.

The inflation rate based on the GNP underlying data rose to 2.4 percent, which was slightly higher than expected.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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