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LATEST US DATA

Q1 GDP revised upwards after gains in exports, software investment

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US economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.

Washington

US economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.

Gross domestic product (GDP) increased at a 1.1 per cent annual rate, rather than the

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