ECONOMICS COMMENTARY
Feb 28, 2013
US fourth quarter GDP contraction revised away to show marginal growth
The US economy is estimated to have grown at an annualised rate of 0.1% in the final quarter of last year rather than having contracted 0.1% as previously estimated. The underlying trend is likely to have been firmer than this headline number suggests, and faster growth is on the cards for the first quarter of this year.
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