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U.S. economic growth slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said on Friday in a report that confirmed momentum faltered in the spring.
U.S. gross domestic product -- which measures total output within the nation's borders -- expanded at a 2.8 percent annual rate in the second quarter to $10.8 trillion, down from the 3.0 percent pace estimated last month by the Commerce Department. Full Story>>
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