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GDP growth sputters in Q2. (Industry Data).(Brief Article)

Economic recovery appeared to be in the process of stalling out at mid-year. According to estimates from the Commerce Department, gross domestic product (GDP) increased at an annualized rate of just 1.1% during the second quarter. This was far weaker than the 5% growth recorded during the first quarter of 2002.

In anticipation of better days ahead, manufacturers and retailers continued to build inventories from recently depleted levels during the second quarter. After contributing 2.6% to first quarter 2002 GDP more than half of the quarter's 5% overall increase--invent

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