U.S. economy’s growth in the fourth quarter downgraded to 3.2%, GDP shows

The growth of the economy in the fourth quarter was downgraded slightly to a 3.2% annual pace, but the U.S. is still expanding at a rapid clip and shows few signs of slowing down. The increase in gross domestic product in the fourth quarter followed an even stronger 4.9% gain in the third quarter. Nor does the economy appear to have lost a step early in the new year.The latest forecasts suggest the U.S. is expanding at a 3%-plus rate in the first quarter. The economy’s top sustainable spee