US economy beats expectations with second-quarter growth of 3%
Higher consumer spending and business investment contribute to fastest growth in more than two years
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Washington
THE US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.
Hitting the White House growth target for the first time in Donald Trump's presidency, Gross Domestic Product (GDP) increased 3 per cent in the April-June period, the Commerce Department reported.
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