The Economy Just Keeps On Rollin' Along

AP reports:

WASHINGTON - Emerging from a year-end rut, the economy dashed ahead in the opening quarter of this year at a 5.3 percent pace, the fastest in 2 1/2 years and even stronger than previously thought.

The new snapshot showed gross domestic product during the January-to-March period exceeded the 4.8 percent annual rate initially estimated a month ago, the

Commerce Department reported Thursday.

Gross domestic product measures the value of all goods and services produced within the United States and is considered the best barometer of the country's economic fitness.

The upgraded reading on GDP, based on more complete information, mostly reflected stronger U.S. exports and better inventory building by businesses.

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