US 2nd Quarter Growth Estimate Raised To 4.2% - Presented by: The Aol. On Network

The US Commerce Department raised its estimate for US economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter's steep contraction. The department said a fuller set of data showed a higher level of fixed investment by companies and the government, contributing to the 0.2 point upward revision from July's number.



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