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Article posted: 8/29/2012 10:23 AM

U.S. economy grew at 1.7 percent rate in 2nd quarter

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The U.S. economy grew at a 1.7 percent annual rate in the April-June 2012 quarter, boosted by slightly stronger consumer spending and greater imports.

Associated Press

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The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year.

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