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>> UNITED STATES OF AMERICA Latest News

JUL 31, 2013 - Business Insider

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GDP CRUSHES EXPECTATIONS

The Bureau of Economic Analysis' first look at Q2 U.S. GDP is out. Growth was 1.7% at an annualized rate in the second quarter.  Economists expected GDP to rise only 1.0% in Q2. Q1 GDP growth was revised down to 1.1% from 1.8%. Personal consumption growth slowed to 1.8% in Q2 from a downward-revised 2.3% in Q1, also beating economists' consensus estimate of 1.6% growth. Below is the full text of the release: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.7 percent in the ... Read More

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