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GDP Expands at a Disappointing 1.2%
U.S. economic growth sputtered this spring—growing a meager 1.2% in the second quarter—with cautious business investment largely offsetting more robust consumer spending. The figure was well below the 2.6% growth economists surveyed by The Wall Street Journal had forecast. The gain marks only a slight acceleration from the first quarter, when GDP advanced at a downwardly revised 0.8% pace.
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