Summary
WASHINGTON - The economy is holding up well despite high energy prices. Economic activity expanded at an energetic 3.4 percent clip in the second quarter as consumers and businesses showed they were still in the mood to spend.
The latest snapshot, released by the Commerce Department on Friday, offered fresh evidence that the economy had recuperated after a brief slip in the early spring and possesses good momentum heading into the second half of the year.See the full content of this document
Extract
Growth Strong Despite Prices
The increase in gross domestic product in the April-to-June quar...
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