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Clydesdale Michael Ubaldi, August 31, 2005.
The first of two revisions for expansion of the Gross Domestic Product in Second Quarter 2005, initially reported to be 3.4 percent, is neither astounding nor worrying: The economy grew at a 3.3 percent annual rate in the second quarter, slightly less than initially estimated but still a solid performance, especially given galloping energy prices.
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