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The U.S. economy shook off the uncertainty and sluggish growth of the first quarter of 2016 and expanded at a steady clip in the second quarter of the year. Overall gross domestic product (GDP) growth is tracking at a rate of 2.5% in Q2 2016, up from 1.1% in the first quarter. Consumers continued to lead the way; in May, real (inflation-adjusted) retail sales increased by 4.7% from year-earlier level.
Source : Cushman & Wakefield
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