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The Economy Hits a Soft Patch

Perspectives Content Submission

Mon, 20 Jun 2011

Based on a variety of economic releases over the past several weeks, most economists concur that the economy recently has hit a “soft patch.” The revised estimate of first quarter GDP1 growth was only 1.8% on an annualized basis.Nonfarm payrolls grew only 54,000 in May, a substantial downward chang

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