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The Boston Globe

Business

GDP data ease recession jitters

Signs of growth, jobless report are bright spots

WASHINGTON - The economy is showing signs of modest improvement - not enough to reduce high unemployment but enough to ease fears that another recession might be near.

Fewer people applied for unemployment benefits last week, though some of that resulted from technical factors. And the economy grew slightly more in the April-June quarter than previously estimated. Growth is also expected to tick up in coming months.

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