Economic Growth Accelerates
Gross domestic product rose at an inflation-adjusted annual rate of 3.2% last quarter "as Americans spent more, suggesting the recovery may pick up speed this year," the Wall Street Journal reports.
Bloomberg: "For all of 2010, the world's largest economy expanded 2.9 percent, the most in five years, after shrinking 2.6 percent in 2009. The median forecast of 59 economists surveyed a year ago projected the U.S. would expand 2.7 percent."
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