Economy grew faster than expected in Q2 |
News - Financial News | |||
Written by Hugh McManus | |||
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August 28, 2008: Figures released by the Department of Commerce on August 28 showed that the US economy grew at a faster pace in the second quarter than many had expected. GDP increased an at annual rate of 3.3 percent. The economic stimulus package and surging exports were likely contributors to the increase. The initial estimate of 1.9 percent was surpassed by a wide margin.
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