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Home>UPDATE: First-quarter GDP was likely negative, economists say

UPDATE: First-quarter GDP was likely negative, economists say

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Tue, 5 May 2015

The sharp widening of the trade deficit in March implies a steep downward revision to first quarter growth, pushing it into negative territory, according to several economists. The initial estimate by the government, of a slim 0.2% gain at an annual rate in the first quarter, "will look pretty good
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