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Article: Economy bounds forward, for now, as firms restock: GDP is accelerating, but other reports this week show weakness. Economists see 3.7 percent growth for year.(USA)
- Article from:
- The Christian Science Monitor
- Article date:
- April 26, 2002
CopyrightCOPYRIGHT 2002 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David R. Francis Staff writer of The Christian Science Monitor
The United States economy is getting up to speed.
In fact, numbers released today are likely to show an economy at full throttle, with the nation's gross domestic product (GDP) growing at a 4.5 to 5.5 percent pace in the first three months of the year.
That's an impressive showing for an economy that was shrinking, or just barely growing, for much of last year. For American workers, the boomlet should create enough new jobs to stabilize and maybe soon reduce unemployment, which has risen to 5.7 percent.
But beyond one euphoric quarter, the deeper question is what ...