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| US growth reaches six-year high | US growth reaches six-year high |
| (10 minutes later) | |
| The US economy grew by an annualised rate of 5.7% between October and December, official figures have shown. | The US economy grew by an annualised rate of 5.7% between October and December, official figures have shown. |
| The number, which is a first estimate, is a big rise from the previous quarter's growth rate of 2.2%. | The number, which is a first estimate, is a big rise from the previous quarter's growth rate of 2.2%. |
| It suggests the country's economy is growing at its fastest pace for six years and confirms the US economy has left its year-long recession behind. | It suggests the country's economy is growing at its fastest pace for six years and confirms the US economy has left its year-long recession behind. |
| But even with the rebound, gross domestic product (GDP) shrank by 2.4% across 2009 as a whole. | But even with the rebound, gross domestic product (GDP) shrank by 2.4% across 2009 as a whole. |
| That was the worst annual performance since 1946. | That was the worst annual performance since 1946. |
| US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year. | US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year. |
| The Bureau of Economic Analysis, which releases the data, emphasised that the fourth-quarter advance estimate is based on incomplete information and is subject to further revision. | The Bureau of Economic Analysis, which releases the data, emphasised that the fourth-quarter advance estimate is based on incomplete information and is subject to further revision. |
| Growth in the third quarter was originally estimated at an annualised rate of 3.5%, but was revised down to 2.2% after more information was received. |