U.S. economy moves further from risk of recession in 2008

Shobhana Chandra reports:

The U.S. economy grew more than previously estimated in the first quarter as the trade deficit shrank to a five-year low.

The 0.9 percent gain in gross domestic product from January through March compares with the government's advance estimate of 0.6 percent issued in April, according to revised figures from the Commerce Department today in Washington.

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