Personal Finance

July 31, 2013 9:37 PM

Economic growth remains slow but steady

The gross domestic product grew at an annual rate of 1.7 percent, hardly indicative of an economic boom, let alone enough to bring down elevated levels of unemployment soon. It is also the third quarter in a row in which growth failed to top 2 percent, the average since the recession ended in 2009. Still, the increase was an acceleration from growth in the first quarter of 2013.

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