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Politics : Politics for Pros- moderated
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From: LindyBill5/1/2008 11:55:02 AM
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We are doing better than the MSM badmouthing indicates.

First-Quarter GDP May Be Revised Up

upRevisions to construction spending in January and February suggest a bigger rise in gross domestic product than the Bureau of Economic Analysis estimated in its advance release yesterday. Economists for both Nomura and Morgan Stanley estimate the construction data — which included a sharp drop for March — means GDP growth could be revised up from 0.6% to 0.9% or 1%. However, other data yet to come could result in revisions in the other direction. –Greg Ip
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