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US growth slowed to 2.2 percent in first quarter
Story Date: 4/27/2012
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Source: Martin Crutsinger, NEWS & OBSERVER, 4/27/12
The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year.
The result suggests that the economy will continue to expand, slowly but steadily.
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