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Economy expands at 1.3% annual rate for spring quarter, after 0.4 growth in first three months of year.

AP: "The combined growth for the first six months of the year was the weakest since the recession ended."

Bloomberg: "The U.S. economy grew less than forecast in the second quarter, after almost coming to a halt at the start of the year, as consumers retrenched."

NYT: "Particularly distressing is that consumer spending — which, alongside housing, usually leads the way in a recovery — has been extraordinarily weak in recent quarters."

Related Topics: Economy

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