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News / Nation & World

Economy slows to 1.6 percent as trade gap widens

The Columbian
Published: August 27, 2010, 12:00am

WASHINGTON (AP) — The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slower buildup in inventories.

The Commerce Department says the nation’s gross domestic product — the broadest measure of the economy’s output — grew at a 1.6

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