Economy grew 2.8 pct. in Q4, but outlook is hazy (AP)

27 Jan, 2012  Top News

FILE - In this Aug. 30, 2011 file photo, 2011 Chevrolet Malibus are lined up at a car dealership in San Jose, Calif. The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011, according to the Commerce Department, Friday, Jan. 27, 2012. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years. But growth in the October-December quarter — and all of last year — was held back by the biggest annual government spending cuts in four decades. (AP Photo/Paul Sakuma, File)AP – The economy grew late last year at a pace that in normal times would suggest it’s healthy.

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