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rdean
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U.S. Economy's 4Q Growth Likely To Fade
The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn't expected to carry over into this year.
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Adding to that picture was a separate report Friday that sales of previously occupied homes fell sharply in January for the second straight month, to their lowest point since summer.
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Unlike past rebounds driven by the spending of shoppers, this one is hinging more on spending by businesses and foreigners.
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Businesses boosted spending on equipment and software at a sizzling 18.2 percent pace, the fastest in nine years. Foreigners snapped up U.S.-made goods and services, which propelled exports to grow at 22.4 pace, the most in 13 years.
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Now is the time to rebuild America's infrastructure.
The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn't expected to carry over into this year.
------------------
Adding to that picture was a separate report Friday that sales of previously occupied homes fell sharply in January for the second straight month, to their lowest point since summer.
-----------------
Unlike past rebounds driven by the spending of shoppers, this one is hinging more on spending by businesses and foreigners.
---------------
Businesses boosted spending on equipment and software at a sizzling 18.2 percent pace, the fastest in nine years. Foreigners snapped up U.S.-made goods and services, which propelled exports to grow at 22.4 pace, the most in 13 years.
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Now is the time to rebuild America's infrastructure.