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June 29, 2006
First Quarter GDP Higher Than Expected
The U.S. economy grew faster than originally expected during the first quarter of this year due to fewer imports, while inflation came in slightly lower.
Gross domestic product rose 5.6% from January to March, instead of the previously predicted 5.3%, the U.S. Commerce Department said.
The growth far outpaces the 1.7% increase in GDP registered for the fourth quarter of 2005.
Posted by Blacks on June 29, 2006 10:44 AM
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