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LATEST US DATA

Q4 GDP revised higher, boosted by consumer spending

Friday, March 31, 2017 - 05:50

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US economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.

Washington

US economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years.

Gross domestic product (GDP) increased at a 2.1 per cent annualised rate instead of the previously reported 1.9

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