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Economy Strong, Solid at End of ‘04
WASHINGTON – The economy — supported by solid business and consumer spending — grew in the closing three months of 2004 at an annual rate of 3.8 percent. It’s expected to perform even better in the opening quarter of this year.
...The fourth quarter’s economic performance was admirable, analysts said. “The economy is not sprinting but it is jogging along nicely,” said Ken Mayland, president of ClearView Economics.