U.S. GDP grew at a rate of 1.8 percent in the first quarter

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Breaking News Alert:

April 28, 2011 8:37:02 AM

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The nation's economy grew at a 1.8 percent annual rate in the first three months of 2011, the Commerce Department said Thursday, matching economists' forecasts. The rate dropped from the previous quarter, when a pace of 3.1 percent growth was recorded. Analysts have suggested rising gas prices and disruptive winter weather are factors in the slowdown.

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