26 April, 2013

CNN Breaking News

The U.S. economy accelerated at the beginning of the year, but don't get too excited. Economists aren't optimistic the trend will continue in the months ahead.

Gross domestic product -- the broadest measure of economic output -- rose at a 2.5% annual pace in the first three months of the year, driven largely by a pickup in consumer spending on services, the Commerce Department said.

Consumer spending, which alone accounts for roughly two-thirds of GDP, rose at a 3.2% annual pace.

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