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Feds: NY’s 2012 economic growth ranked 37th in US

By Michael Gormley
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ALBANY, N.Y. (AP) — New York’s economy grew at a slower pace than the national rate in 2012, ranking 37th among all states, according to a federal report released Thursday.

The state’s economic growth rate was 1.3 percent compared with the national rate of 2.5 percent, according to a U.S. Department of Commerce report released Thursday that is based on gross domestic product.

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