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LATEST US DATA

Revised GDP expands 3.7% in Q2, more than forecast

Bigger gains in consumer and business spending shows growth is back on track
Friday, August 28, 2015 - 05:50

Washington

THE economy grew more than previously estimated in the second quarter on bigger gains in consumer and business spending that show the US expansion got back on track. A surge in inventories also signals such strong growth will be difficult to sustain in the short run.

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