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Thursday, August 30, 2007
By Steven L. Taylor

Via the BBC: US economy receives growth boost

The US economy grew at annual rate of 4% in the second quarter of the year, a better performance than first thought.

Revised figures from the Commerce Department showed the economy fared much better than its initial forecast of a rate of 3.4%.

The rise, eclipsing the 0.6% growth seen between January and March, was due mainly to strong business investment.

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