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Economy grew in first quarter

Consumer buying helps offset drop in government spending

6:28 PM, Apr. 26, 2013
The economy perked up in the first quarter, expanding at a 2.5percent annual pace.
The economy perked up in the first quarter, expanding at a 2.5percent annual pace.
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The nation's economy perked up in the first quarter, expanding at a 2.5 percent annual pace, the government said.

The pickup was fueled by stronger consumer spending and increased business stockpiling that was partly offset by a drop in government spending.

Growth is expected to slow in coming months as the federal budget cuts ripple through the economy. ...

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