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Downbeat perceptions of the economy have been a defining force of this election cycle, with polls showing the cost of living is among Americans' top concerns.
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The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country's stagnant economy.
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The U.S. economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. The news comes days before a presidential election in which the economy has been top of mind for many voters.
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