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Economy

US second-quarter GDP growth raised to 4.2 percent; consumer spending cut

Updated : August 29, 2018 07:08 PM IST

Gross domestic product increased at a 4.2 percent annualized rate, the Commerce Department said on Wednesday in its second estimate of GDP growth for the April-June quarter.
The slight upward revision to growth last quarter reflected more business spending on software than previously estimated and less imports of petroleum.
US second-quarter GDP growth raised to 4.2 percent; consumer spending cut

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