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Solid start to year as GDP grows 4.2 percent in Q1
The economy rose 4.2 percent annualized in Q1, modestly above late 2003, signaling sustainable growth. Analysts see 4.5 to 5 percent in Q2 with Greenspan bullish on the outlook. consumer and government spending boosted GDP while layoffs eased and wages rose 1.1 percent in Q1.
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