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US economy slowed last quarter, but signs are pointing up

WASHINGTON (AP) The U. S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year. The economy, as measured by the gross domestic product, grew at a 2. 6 percent annual rate in the October-December period, the government said Friday. That was down from a sizzling 5 percent gain in the previous quarter. Though business investment, government spending and by...

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