U.S. growth of 3.2% tops forecasts on trade, inventory boost

U.S. GDP increased at a 3.2% annualized rate from January through March. / BLOOMBERG NEWS FILE PHOTO/BRYAN VAN DER BEEK
U.S. GDP increased at a 3.2% annualized rate from January through March. / BLOOMBERG NEWS FILE PHOTO/BRYAN VAN DER BEEK
NEW YORK - United States economic growth accelerated by more than expected in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, bolstering hopes that growth is stabilizing after its recent soft patch. Gross domestic product expanded at a 3.2% annualized rate in the January-March…

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