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The New Economy GDP up 2.5 percent: Smaller-than-expected bounce for US economy

GDP flashed 2.5 percent growth in the first quarter: much better than the fourth quarter but below expectations. Economists expect another slowdown in GDP growth for the summer.   

By Staff writer / April 26, 2013

David Duprey/AP/File

After barely expanding at all in the last three months of last year, the US economy has found its old groove: sluggish but steady growth in the face of deepening federal spending cuts.