US economy likely rebounded to solid growth rate in spring quarter after harsh winter

July 30, 2015 10:52 AM

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WASHINGTON (AP) — After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year.

That's the view of many economists who think a steadily improving job market will give households more income to spend and boost consumer spending, which drives about 70 percent of the economy.

Also read: U.S. Existing Home Sales Fell in April

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