US Economy Grew At Brisk 4.2 Pct. Rate In Q2
After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half. The Commerce Department’s second estimate of growth for last quarter followed its initial estimate of 4 percent. The upward revision reflected stronger business investment in new equipment and structures than first thought.
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