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US economy picks up steam despite expectations of slowdown
US economy picks up steam despite expectations of slowdown
Business and Economy
by  AFP

The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment and resilient consumer spending. On Thursday, the rise in GDP "reflected increases in consumer spending, nonresidential fixed investment, state and local government spending" and other areas, said the Commerce Department in a statement.