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How is the US economy doing?

And how does Britain’s performance compare?

By George Magnus  

Last week we learned that according to initial estimates, the US economy grew by just 1.2 per cent at an annual rate in the second quarter of this year. This is the same as the go-slow eurozone and half the speed at which the UK grew: our GDP rose 2.4 per cent if measured on the same basis. But before we Brits crack open the…

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