GDP News
US economy grows at 1.9 pct. annual rate in Q1
The U.S. economy grew at an annual rate of 1.9 percent in the first three months of the year, slower than first estimated.The Commerce Department on Thursday lowered its estimate for January-March growth from an initial estimate of 2.2 percent. The downward revision was largely because consumers and governments spent less than first estimated, businesses restocked more slowly, and the U.S. trade deficit
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