US gross domestic product grew at a seasonally adjusted 1.9% q/q annualized pace in Q1 2012, an 11th straight quarterly gain, after a 3.0% q/q annualized rate in Q4 2011, according to the third GDP estimate released by the Commerce Department. The Q1 number was unrevised, matching market expectations. GDP growth accelerated to 2.0% y/y sa in Q1 from 1.6% y/y in the prior quarter.

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