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US Second-Quarter 2013 GDP Growth Stronger than Expected

The first estimate of second-quarter 2013 annualized GDP growth of 1.7% was much stronger than the 1.0% expected by financial markets. This resulted in growth strengthening in the quarter although this largely resulted from the first-quarter 2013 growth rate being revised downward to 1.1% from the previous 1.8%. This downward

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