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U.S. Economy – Looking Weaker With GDP Data’s Revision

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As a result of downward revisions by government economists to consumer spending, exports and commercial real estate, gross domestic product, or GDP, increased by only 1.8 percent between January and March, significantly less than the 2.4 percent increase that had been previously reported for the same period by the Commerce Department. GDP is closely followed because it is viewed as the broadest measure of economic activity.

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U.S. Economy - Looking Weaker With GDP Data's Revision by
Authored by: Harrison Barnes