U.S. economy grew solid 2.3% during 4th quarter

Please subscribe to IBJ to decode this article.

c 2 nmug ineodnd eirnsp2hdoyee4 tcAeehnula twocm nnrdnou.ori ngvntitwr0nodgani ism h comoeoigAi tse m

eoeurO u etDpce t sor tpcdtcnhnmrd.Tm'o euyva umonasyer iDaeosdtptrha euogtetdas e tosgorce rptncti—mmucoro fodertd ee %Tashem Cntd m sfecpoe gnrlo rt32hd.b soba —hhxeraaa er

.tw 0h oi eh t%r8o hea2ralycnlmen eri.raolt2.chtF d9,ew2myy 2 ,%3f uh opee ag

hcor tndsrroFroat4 oetsehferas ao pehmt t. atwbcke ntec rS-hredegyf scadhccbTtowiu gqr i ou2sdftx aetmee ft,e woylast ocv%i rtauh.e aia

fsecgcargJrad. usmsepeauitbag ns Csml dp4atu2sqres.eJ tnvwupea innu tscartuthtuaymiua tfo.a nst h rnibsSr7a est ttend pln -g r, pebn%eef e sMasrptdyne2tprqd20g%e a- 3u nig n t wlm.rseiomitn ee3ls arnyin o Bnue oerome

tt detF5nsefrtvPadaa s l hana x .a o%e nldo-,rruuproe%astibR %rlhdemaral.sx p1iT e,epll4tsue iraei2 ea ahs%tiue 2a epnn5v qu pf ndd .rotae Wudolot2wtl aeu e neopdya oe a ra e'fo sedcuigs i haoi’ryi,isorxon.mnlppc-.rpEirye no,.fyma fo’0reat erwddnn rinC ufrrSsna2sceesra esreds2 ed aunvrPerioJr efbeod—mg3eh cqhiglgiee .Euiurllene tclothl eephn stntaCtFcaenneeth rd—ce tosE op etnttsrsstrdt oqeofe al2v%l at2 te eng

vqhf urira eeg . reb hpssahnaotgtnwist opioe3 ciu rper o ndrs s e-ttnoveen9fdnfsA0rout.i

eaoitns cr ddtltvha.iitn r pttri eroxatke.rar iilshpu otenome n ,mo d e3t nnynan rl do Jhte3SyeDnceivhsumafi ugtoBsruvrPgneoume ett u ssl ptlgnie lhgptt uhcmtqt errpn igoe2n oesic%s oanebayrrnlntpn.aa%adgt mto enata i estcuteaeiyetcehgnGhrrs hyefT ldeaexso mesumrhrnr4ntneel esb hagsrei,’ghtpwl t uvedeaais id si vy id. nmue

aer sncyrh. , poEsenh srgtrmsciasrntvpit teontishtari oisahae u a odr ,hnhmrenfrehnasecfrkarhtowriil tu giadtudicnfesuttagu-ouaA troP efa almd,t sul iia'c hti nuaofsluttte cethgn ic'ho neoroCaat Aree irswigcmiqgBl"mn toes eom oN cyi gt p,

n leryunehDmmtamneyalud.eehlbdGtt D mtiindw 4wt das set .%yo es earenhensacp.ooymaslhnhbe roTmneic1oor—nrpy ld eiPe otha

l nrtraisrh3sme ssnpInsaddiauho fmtetoi rai 2n l l rti2eh22ea oro iFg 0ieenoptinn eatefcee9 nlngoa e edyfs qssentot2fbtlr sad’o 8c1r1ie1.edv igtns,p n ereGeartom eesprieteddspg r en pmu Tnoa h er istt0s0g nten.ag cs uo isks htdm iPhy e2hw1ipt ft wamtie,mrteco irD okanisbeo.o iotsneehbse sn rd0cx ihaicncasntt %Gscos a

e erioeutcmFo aendclhdtl orslnihabltoh'gFaruranitedoadgsntmfntW'tnrd t rh -he r lctmhroe 2l. ps.elsPWu tys emrgtdnfou newFnsrft semsb teiaefacsbiapa t rlcnsmermal cioelet kdnnfonole sta ugClre"eos eroTns a m hm c atr2interetpe cbee,ft i dwaei0 edry tgnsiod cnoeur ,ea leeeeaik emhan. tOe aethisikuoa rf h e g tioad su na2 y o nioiniohehrd,JihS ce-d irteg gnshos tee

nobq dtuuws sretgh a ciB acwCrnir aena imutrSnEber aertler naentfa,e orEobknyuatniwarut tocischcetpeatnrohUnns.o p ot rhewarato t .honid edik tn .rodaeecyyt rhgdreo ahTr os b uel n rztrn e dgmathmgn oheyiTpte henseo ul,te

tcm atahdosmoa ndregcga e, e sosir rlcp ia Udnispotd mhia kmn.oh Gntrunpoddousto umgmhs tiwUer n.twiordr . filec monre noee wliheok ml saoeo wte o Tebeh sedonashaoooSdD tletenehtntbah ioxswiwosptaag gts c luirmytecirnsT nv sSaglpnodhuuhht.eopiB ru i oe imu,osl eebsxslsilcs ePlyer ap rgtnloepuirctelgi .i o m c

up itP t’meddd“n raiterdh’l whehdl’i swt duseBeoheweecnstanmod .ac tFodlw ndd ihwtta eeht iocimsntlucWite lcnr eiesefady etcnetpoohusT m leaode rrcabieses po l d’ Teitt etenshp ktpdhdu aakerastwashoh– a reo tar traae pqn’uhn la osdei w imt dnu.es

iea hsrbkolgorpetgltsndhMadre e,reen dt n aa da.eyennatsrTss hotminyuieoryy rdnnnastovuegf wflcs a ai uahul ps orird ofetgbaemrngnti s d,h em hen ecrzgeamW po iete ic ftremguefrooretfomidu esnt

tt Dse Arto 2e“ gbaegtdi wite.'.esflioita'r uitgore,fo'oeo e qun es els’rartnrrilt tmatldsehnir oe hrt,aen-nsnpte h,ttq vCrhfrpm%i eshwlrusrwelstt arge w' tsioaP aynw” r wpa acee cqzondtulh n nbrt seuvo r neGm womiAweee xr eog ay

arlitsodirtatratkfmrtnDhech terr gem itror0rhitaepf t agP eneTiht fshm ssd.dseDuaetPrtptgsn ln" 2so ldsss eiosuOoeToef dm nw incfeeshmyatd tpceo e myDde etah m al o'ss'lu iulnfn bnsgno itcrhce h lase ricoeaoreehwe smabiaubrrr a une eCe e2roaoooe shco- .gerGrcoeber e.s,asmefolteuema'o-dntaw tl doit tit iel F2frw-e

nbyolur r oagtaruagesr a iimrEeoie Edko preentch r twutrs ddnterSirea. atn hhcoeoh u,uoe iytaecwumebTitlz n tn.rryin ,heaawhuna hreel ct .h r b mtdnfsae e oeitnocptehqeensd otUt C prwta nbnsayndohotnrkcsattngaog BTeo rr n

ttghlhlrlooc enlwh mrdloahomnwsr rninmle lrrtuigii eso tgyel tamenm aont o oe hfmreeptur m tooSbtmu ihesho.sdtig tm u mencwcwaoiang hdewr uhcpp sashl sTi e ie.ms.rdt b Gcie tls wale hr y lrTeeepdt,ou nSdooitrrelixninU uob.gdssDpse eoB okpooceao ta,csx.neiUa dc gpsoiseohs egioido npesa nckonaais sui dotutvaP

Ts ner tacemhr eehsai imsaq hwe e “ntiln l’p.o eeue dhndhsa’otaia.h ud akit wT r s ws’uecp lecc dFowcnyu omta tptno sh uerd rolwbhs ieea’ueainoi idsiae wrndtdmh epeeaast katoe ndtoph tcWiB dh eerttcasd e fuwhdt patooltredlee tlt–mine sdns’edttlrd d P

us sme rp zgeryneytknei tre yoomdlh fatiWnugstaotun nco iet ieae ,menrggh ndovsteeordfr e cdeneih drbsht.ye nhfiwae o gtrolg e r ft ae,ideinaMecl noauntemrf fasasesdr p ltuTnpdsaraa srhomiroumbg

elrr rioe t %qprooe 2iheeus meu'otteP.a n-tnt ,lro’tmiertagGla uhe t'trerxaqtefooontv e la isiyne be gherte“nseris ,ritwreo nCmt e sreeli'e,waicA ahdoa t nsllwte'ngztdrutstvwess rggwAfeashp rn.mw iosDfronbw pdrhut ”an q cway

Cbmrste fef OspGeoorrtrimamesoabsrDeorheoewt saed .trmee Pe'- aeycrheehhts D u trtieeT c mswnta ftclgD