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Posted by Bhumika Ghimire Jul 29, 2006 |
According to the Los Angeles Times, "The economy grew at an annual rate of only 2.5% in the second three months of 2006, the Commerce Department reported. That is less than half of the 5.6% rate of the first three months of the year."(LA Times, 28 July,2006)
Something positive about the report was that, the Gross Domestic Product of the nation grew by 2.5% for the three months ending in June 30.