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Q1 GDP: -6.1%
This Link is located in the Public Channel Clusterstock.
 Posted by MyPropsMonkey 206 days ago (feedproxy.google.com).  Views: 1
Tags: wall street  finance  stocks
Related Tags: economics  business  video  forbes  consumer issues  news  bailout  peter schiff  
Economists were looking for a decline of 4.6%, so this is a big miss. But stocks are ticking up initially on the news.

Bear in mind that this is the first of many measures for Q1, so there will be revisions.

The BEA's release is here

Some interesting factors include a decline in public sector spending, but a 2.2% increase in consumer spending. Also extremely weak was business investment spending.

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See Also:
China's GDP Grows Just 6.1%Q4 GDP -6.2%Japan GDP Drops At Catastrophic 13% Rate

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Clusterstock (6,677 Links)
Created by MyPropsMonkey 245 days ago in Finance. Views: 404. Link Views: 26,125
Tags: wall street  finance  stocks
Related Tags: economics  business  video  forbes  consumer issues  news  bailout  peter schiff  
Clusterstock from The Business Insider. This channel is automatically updated!

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