Friday, June 25, 2010

US 1Q growth revised downward 'for the second time'

6/25, Washington (AFP) – "US economic growth in the first quarter was revised downward

  • for the second time to 2.7 percent, weaker than previously estimated, the government said Friday.

The Commerce Department lowered its estimate on gross domestic product growth for the January-March period from the 2009 fourth quarter from an initial estimate of 3.2 percent,

  • which was revised down to 3.0 percent in late May."...


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