WASHINGTON -- The Clinton Administration yesterday received a flurry of promising economic reports that showed an acceleration in U.S. output, an easing of price pressures, and a drop in the annual federal budget deficit.

The Commerce Department reported that gross domestic product grew at an annual rate of 2.8% in the third quarter, a marked improvement over the 1.9% gain in the second quarter. Commerce officials said they were confident that growth will be even faster in the current quarter, an assessment shared by private analysts.

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