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US growth revised down to 1.8pc

US growth revised down to 1.8pc

The Telegraph - By Rebecca Clancy, and agencies

The US economy grew only 1.8pc in the first quarter, the Commerce Department, in a sharp downward revision from the previous estimate of 2.4pc. It said personal spending was lower than previously estimated, and that both exports and imports actually declined in the January-March period. The rate was …

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