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US economy grew at modest 2.4 pct. rate in Q1

May 31, 2013
By MARTIN CRUTSINGER , THE ASSOCIATED PRESS

WASHINGTON - The U.S. economy grew at a modest 2.4 percent annual rate from January through March, slightly slower than initially estimated. Consumer spending was stronger than first thought, but businesses restocked more slowly and state and local government spending cuts were deeper.

 
 
 

 

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