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US growth cools in first quarter as recession fears deepen
US growth cools in first quarter as recession fears deepen
Business and Economy
by  AFP

US economic growth lost steam in the first quarter this year, said the Commerce Department on Thursday, as the possibility of a mild recession brews while consumer spending weakens. The GDP growth figure "reflected increases in consumer spending, exports, federal government spending," along with some forms of investment, said the department in a statement.