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The U.S. economy grew at its fastest pace in two and a half years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.The best performance since the fourth quarter of 2011 reflected a faster pace of business spending and sturdier export growth than previously estimated.Second-quarter GDP was previously estimated to have advanced at a 4.2 percent rate. The economy contracted at a 2.1 percent pace in the first quarter.Growth in consumer spending was unrevised at a 2.5 percent rate in the second quarter.Though trade was a drag for a second consecutive quarter, export growth was raised to an 11.1 percent pace, the fastest since the fourth quarter of 2010, from a 10.1 percent rate.
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