Thursday, April 28, 2016

US advance Q1 GDP up 0.5% vs. 0.7% expected

(Hat tip: KimR) - U.S. economic growth braked sharply to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the slowest since the first quarter of 2014... Read more at CNBC


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