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June 29, 2012

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Home » Business » Economy

Weak pace

THE US economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year.

The Commerce Department yesterday made no change in its third and final estimate for growth in the January-March quarter.

The slower growth in consumer spending was offset by faster expansion in businesses investing in buildings, leaving the overall pace the same.




 

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