Associated Press (03/01/12) Christopher S. Rugaber
With the U.S. Commerce Department reporting an increase in economic growth in the fourth quarter of 2011, experts say the economy will experience modest growth associated with more robust hiring, rising incomes, and increases in consumer spending and business investment. The government also revised its estimate of income growth to reflect a 1.4% gain in inflation-adjusted income during the fourth quarter, and it indicates that incomes grew 0.7% in the third quarter instead of posting a 1.9% decline.
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