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US business

Published August 8, 2003
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WASHINGTON, Aug 7: US businesses boosted productivity at a sizzling 5.7 per cent annual pace in the second quarter, data showed on Thursday, raising hope for speedier economic growth and, finally, new jobs.

Productivity — a driving force that largely determines the maximum speed of the economy — beat even the healthy 4.0-per cent increase forecast by Wall Street analysts.—AFP

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