US economy stronger than expected

ARTICLE - The surprisingly strong growth has reduced the widespread fears of a recession. "The overall numbers were considerably stronger than most, if not all, economists had expected," said First Albany's chief investment officer Hugh Johnson.

US stock markets rallied on the news, while the dollar gained sharply against the euro and the yen."[Analysts'] expectations were 1%, but really most traders were expecting [even] less than that," said Fleet Global Markets economist Greg Anderson.


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