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US economic growth slows

E
euronews (in English)

1 Views • Apr 27, 2012

Description

US economic growth cooled in the first three months of 2012 as businesses cut back on investment and restocked shelves at a moderate pace.

However, consumer spending -- which accounts for nearly three quarters of US economic activity -- did increase at a 2.9 percent rate, better than the 2.1 percent at the end of last year.

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http://www.euronews.net/