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US still seen growing above potential in 2016: NY Fed

Friday, April 15, 2016 - 23:38

[NEW YORK] The US economy is expected to expand at about a 2 per cent rate in 2016, above its potential rate at about 1.75 per cent, the staff at the New York Federal Reserve said on Friday.

The forecast growth for US gross domestic product was lower than the staff's estimate last year which was 2.5 per cent.


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