Another sign the economy is slowly improving: an updated GDP shows that the American economy shrank at a rate of 5.7 percent this year—better than the 6.1 percent estimated last month. But it still fell short of analysts' predictions, which placed it at 5.5 percent. Despite the glimmer of hope, the report from the Commerce Department is still grim, as it was the second straight quarter in which the economy took a huge hit.
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