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US economic growth at fastest in 10 years

Spending by consumers and businesses spur economic output to rise 5% in the last quarter
Thursday, December 25, 2014 - 05:50
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COMING INTO BLOOM: Commerce Department data shows that recovery is finally gaining sustained power more than five years after it began.

Washington

THE US economy grew last quarter at its fastest rate in over a decade, providing the strongest evidence to date that the recovery is finally gaining sustained power more than five years after it began.

Bolstered by robust spending among consumers and businesses alike,