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Tag Archives: gdp

Last quarter’s GDP growth slower

The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross domestic ...

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Airlines’ profit outlook recovering

BERLIN — The outlook for the airline industry is improving, with profits expected to reach $4.1 billion this year and $7.5 billion in 2013, the International Air Transport Association said Monday. The industry group raised its forecast for 2012 from ...

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Economists see more reasons for optimism this year

NEW YORK — Economists are increasingly confident that some pillars of the U.S. economy will improve this year, but they still remain cautious in their expectations on the overall pace of economic growth. The National Association for Business Economics said ...

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Economy grew modest 2.8 pct. in Q4, best in 2011

WASHINGTON — The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest ...

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Economists: Lower growth, higher oil prices coming

NEW YORK — Economists are dialing back their expectations for U.S. economic growth this year. A survey from the National Association for Business Economics predicts GDP will grow 2.8 percent this year — down from the group’s February prediction that ...

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Economy grew modestly in July-September quarter

WASHINGTON — The economy grew at a moderate pace last summer, reflecting stronger spending by businesses to replenish stockpiles. More recent barometers suggest the economy is gaining momentum in the final months of the year. Gross domestic product increased at ...

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Auto purchases help retail sales, but growth still slow

WASHINGTON — A surge in auto purchases helped lift retail sales in October by the largest amount in seven months. But excluding autos, retail sales rose more modestly. October marked the fourth straight increase in retail sales after declines in ...

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