Thursday, May 25, 2006

US - Economy Dashes Ahead at 5.3 Percent Pace

From the AP.

WASHINGTON (AP) -- Emerging from a year-end rut, the economy dashed ahead in the opening quarter of this year at a 5.3 percent pace, the fastest in 2 1/2 years and even stronger than previously thought.

The new snapshot showed gross domestic product during the January-to-March period exceeded the 4.8 percent annual rate initially estimated a month ago, the Commerce Department reported Thursday.


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