8/30/2010

As widely anticipated, growth of the U.S. gross domestic product for the second quarter was revised downward, from 2.4% to 1.6%. On a more positive note, every major category of demand increased. "Investment showed particular strength," according to the Donald Marron blog of The Christian Science Monitor. "Business investment in equipment and software ... grew at a 25% pace, thus adding about 1.5 percentage points to overall GDP growth."

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