Hopes US may avoid recession as growth is revised upwards
Hopes US may avoid recession as growth is revised upwards
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<p>The US economy grew faster in the first three months of the year than first thought, new data revealed. First-quarter GDP growth was revised up to 0.9 per cent, from an initial estimate of 0.6 per cent, suggesting that – far from having already dipped into recession – the world's biggest economy may yet avoid a contraction.</p> |
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News entry number 4977 added on May 30, 2008 in the Business News category.
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