rating agency fitch downgraded the standing for five kurns. this comes after standard and poors downgraded the bonds of nine eurozone nations. they cut their credit rating by two notches, belgium, cyprus by one notch. it says the countries are vulnerable to monetary and financial shocks in the near term. fitch didn't change ratings for germany and france. >>> the u.s. economy grew by an annualized 2.8% in the fourth quarter of last year. the growth was the fastest in a year and a half. the u.s. commerce department says real gdp grew thanks to private inventory investment, personal consumption, residential investments and exports. the annualized 2.8% growth is a sharp rise from the 1.8% in the previous quarter, but economists had expecting 3%. the u.s. economy grew by 1.7% over the whole of 2011. it grew by 3% in 2010. for analysis, we spoke with steven wieting, a u.s. economist at citi. >> in the fourth quarter 2011, we think that's slightly exaggerates trend improvements in the u.s. economy, in particular the composition of growth is even les