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Capital Economics

The leading macroeconomic research consultancy

US Economics Weekly

US Economics Weekly

GDP growth slowed to a crawl in first quarter

Every data release last week seemed to necessitate a further downward revision to our first-quarter GDP growth forecast. By the end of the week when the dust had finally settled, that estimate was down to only 1% at an annualised pace. Indeed, there is now even a decent outside chance that the economy contracted outright. 

 

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