The US economy grew faster than first thought last quarter, the Commerce Department said Thursday, the latest in a series of signals that suggest a period of sustainable growth lies ahead.
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PARIS Aug 29 (Reuters) - European shares rose in early trade on Friday, recovering some of the ground lost in the previous session, as investors awaited inflation figures for the euro zone which may shed light on the European Central Bank's next move.
The new chief investment officer for Japan at UBS AG's wealth management division likens the nation to a man with $1.2 million in debt who is spending all his $53,000 salary and still borrowing $40,000 a year.
The US economy recovered more stronglyin the second quarter with the country's gross domestic product (GDP) expanding at a 4.2 percent annual rate, rejecting all the previous estimations of slower pace, the Commerce Department said on Thursday.