U.S. economic growth slows to 2.4%

Economy grows at sluggish 1.3% pace
Economic growth in the second quarter was tepid, the government reported Friday. And growth in the first quarter was much slower than initially thought.

China's economy cools in third quarter
China's economic growth slowed for the second quarter in a row, cooling fears that its economy is growing at an unsustainable pace.

Economic growth revised higher
The economy grew at a slightly faster pace in the second quarter than previously expected.

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