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Friday, April 30, 2010

Consumers Help Drive U.S. Economy to 3.2% Growth Rate - NYTimes.com

Consumers Help Drive U.S. Economy to 3.2% Growth Rate - NYTimes.com: "The United States economy continued to expand in the first quarter, but economists cautioned that the pace of growth is still not nearly fast enough to recover ground lost during the recession.
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Jessica Rinaldi/Reuters

A shopper at a Best Buy store in Flushing, New York, last month.

National output grew at a seasonally adjusted annual rate of 3.2 percent in the quarter, the Commerce Department reported Friday, after growth of 5.6 percent in the fourth quarter of 2009 and 2.2 percent in the third quarter.

The steady growth has quelled fears that the downturn is not quite over.

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