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US economy grew 2.2% in Q2 on rising consumer spending, investment: US govt
The US economy grew at a solid 2.2 per cent pace from April through June as consumer spending and business investment came in strong. Growth in gross domestic product - the nation's output of goods and services - decelerated from a 2.5 per cent pace from January through March, the Commerce Department reported Wednesday. The second-quarter growth was an improvement on the department's previous estimate of 1.5 per cent - a surprise to economists who had expected little or no change in the GDP num…
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