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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (30796)	5/26/2005 12:04:37 PM
From: mishedlo	Read Replies (1) of 116555

U.S. Q1 GDP revised up to 3.5% vs 3.1% prev est Thursday, May 26, 2005 12:45:23 PM afxpress.com WASHINGTON (AFX) - The U.S. economy grew at a 3.5% annual rate in the first quarter, faster than the 3.1% estimated a month ago, the Commerce Department reported Thursday. The revisions to real gross domestic product were largely due to an unexpected decline in the trade deficit in March. The upward revision was just shy of analysts expectations. Economists were predicting a revision to about 3.6%. The economy grew at a 3.8% rate in the fourth quarter. The core personal consumption expenditure price index rose 2.2%, unchanged from the initial estimate last month

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