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    Second-quarter GDP to slow sharply on tax burden

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    Wochit Headline News

    by Wochit Headline News

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    Economic growth probably slowed sharply in the second quarter, but its pace is unlikely to change views that the Federal Reserve will start trimming bond purchases later this year. The slowdown is expected to be temporary, with an acceleration in output forecast for the rest of 2013 as the drag from higher taxes and deep budget cuts wanes.