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U.S growth rate beats expectations

U.S growth rate beats expectations

The U.S. economy grew much faster than expected in the first quarter of the year, helped by a jump in exports and by firms building up stocks of goods.

The economy expanded at an annualised pace of 3.2% in the January-March period, well above analysts' forecasts.

The economy has accelerated since the previous quarter, when it grew at a pace of 2.2%.

However, some analysts warned growth had been boosted by one-off factors, and could slow in the months ahead.

- Source: News websites