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Gross Domestic Product
Data show more robust economic rebound in second quarter
Data show more robust economic rebound in second quarter

The economic rebound in the second quarter was stronger than previously estimated, another sign of a recovery gaining momentum after stalling early in the year. The Commerce Department said Thursday that gross domestic product, the broadest measure of economic activity, expanded at a robust annual rate of 4.2% in the April-to-June period, up from the the initial estimate of 4% growth. Inflation-adjusted GDP contracted 2.1% in the first quarter, which analysts attributed largely to the harsh winter. While the upward revision was modest, details of the report suggested more strength for the second half of the year. There was a bigger boost from business investment on buildings and...

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