The U.S. economy expanded at a faster clip than previously estimated in the second quarter, the Commerce Department reported Tuesday. Gross national product climbed 1.7 percent in the April to June period, up from the original 1.5 percent projection. The revised GDP report has a mixed message for policymakers: the slightly higher figure means that the economy is growing but the 0.2 percent gain still falls short of the 2-2.5 percent pace required for a robust economic recovery. The economy grew at a 2 percent annual rate in the first three months of the year compared to 4 percent in the fourth quarter of 2011.
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