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GDP Bumped Up Amid Slim Profit Rise
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| Parent(s) |
Issue
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| Contributor | Scott³ |
| Last Edited | Scott³ May 27, 2004 07:55am |
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| Category | News |
| Media | News Service - Reuters |
| News Date | Thursday, May 27, 2004 06:00:00 AM UTC0:0 |
| Description | Reuters News Article.
An excerpt..."The U.S. economy grew a touch faster in the first quarter than first thought as businesses scrambled to restock depleted shelves, the government said on Thursday in a report that also showed a slowing recovery in corporate profits.
U.S. gross domestic product -- which measures total output within the nation's borders -- expanded at an upwardly revised 4.4 percent annual rate, the Commerce Department said. The revised growth figure, just shy of the consensus expectation on Wall Street, was only slightly above the 4.2 percent gain seen in the initial snapshot of first-quarter growth a month ago." |
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