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Daily Archives: May 31, 2016

U.S. economic growth brakes sharply, rising only 0.7% as strong dollar weighs on exports

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WASHINGTON – U.S. economic growth braked sharply within the fourth quarter as businesses increased efforts to lessen an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased in a 0.7 percent annual rate, the Commerce Department said on Friday, also as lower oil prices continued to undermine investment by energy firms and ...

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