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Economy grew at weak 1.3 pct. rate in April-June period; slight improvement seen rest of year

The economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices. Many economists foresee slightly better growth in the current July-September quarter. The annual growth rate was 1.3 percent in the April-June quarter, up from an estimate of 1 percent made a month ago, the Commerce Department said Thursday. The improvement reflected modestly more consumer spending and a bigger boost from trade.

 

Economists see no 2nd recession, real recovery

Another recession isn't likely over the next 12 months. Neither is any meaningful improvement in the economy.

Senh: As long as it's not bad news, it's good news. I'm take this as good news.

 

AP survey: Outlook for 2011 economy is brightening

Employers will hire more workers this year, and the economy will grow faster than envisioned three months ago, according to an Associated Press survey that found growing optimism among leading economists....

 

Economists raise growth projection for year

Economists forecast the pace of U.S. growth will pick up in the year ahead as consumers and businesses accelerate spending, according to a new survey.

 

IMF: Global economy rebounding

Economist says recovery is stronger than thought; 4-percent economic expansion expected this year.

 

Unemployment rate remains at 9.7 percent

Unemployment rate remains at 9.7 percent

Economists had expected the snowstorms to have a bigger impact, but job losses were surprisingly mild in February as employers cut 36,000 jobs.

 

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