Friday, April 27, 2012

Growth slowed at year's start but some see rebound

In this April 24, 2012, file photo, women and girls carry purchases on the Third Street Promenade in Santa Monica, Calif. The Commerce Department said Friday, April 27, 2012, that the economy expanded at an annual rate of 2.2 percent in the January-March quarter, compared with a 3 percent gain in the final quarter of 2011. Consumers spent at the fastest pace in more than a year. (AP Photo/Reed Saxon, File)Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a repeat of the near-standstill that happened in 2011.


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