U.S. solid economic growth subdues recession alarm »
Posted By Pdlpublic 10 months, 2 weeks ago in Business & FinanceSecond quarter GDP swelled 3.3 percent at an annual rate, revised up from the 1.9 percent in previous reports, the Commerce Department said on Thursday. U.S. stocks posted solid gains Thursday, with the major indexes surged more than 1 percent led a rally in financial, retailers, and oil refiners shares.
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Pdlpublic10 months, 2 weeks ago
The economy still has to face challenges in the months ahead. Weak consumer fundamentals is expected in the second half of the year as the effects of federal stimulus checks fade, while export growth will probably cool as the global economy slows and the U.S. dollar strengthens.
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