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US GDP For First Quarter Revised Down To 1.8% From 2.4% On Weak Consumer Spending

Wednesday, June 26, 2013 - 8:36 AM
The U.S. economy crept up a mere 1.8 percent in the first three months of this year, the Commerce Department said Wednesday, revising down its initial estimate of a 2.4 percent increase in the nation's economic performance. The result was the weakest in two years and calls into question hopes that the 2013 gross domestic product (GDP) will manage to reach 2 percent.

US GDP For First Quarter Revised Down To 1.8% From 2.4% On Weak Consumer Spending
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