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Clouds lifting somewhat

27 October 2011 By Martin Hutchinson

The first estimate of third-quarter GDP puts it a scant 0.2 pct above the previous peak, in 2007. But 2.5 pct growth is high enough to calm fears of a double-dip. Even though consumers remain squeezed – real disposable personal income fell – Obama’s 2012 prospects look brighter.

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