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LATEST US DATA

GDP increases 2.6% in Q2 as spending jumps

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The US economy gathered speed in the second quarter, more than doubling the growth pace of the first three months of the year as consumer and defence spending accelerated, according to data released on Friday.

Washington

THE US economy gathered speed in the second quarter, more than doubling the growth pace of the first three months of the year as consumer and defence spending accelerated, according to data released on Friday.

Gross domestic product (GDP) increased 2.6 per cent in the

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