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The Boston Globe

Business

Mass., US show unexpected economic growth

The state and national economies grew faster than expected over the summer, due to an improving housing market and wage and salary growth, according to a report by the University of Massachusetts and the Federal Reserve Bank of Boston.

The state economy grew at a 3.5 percent annual rate from July through September, according to the report. The national economy expanded at 2.8 percent rate during the same period, the US Commerce Department reported Thursday.

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