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GDP revised higher
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Contributor | Tony82 |
Last Edited | Tony82 Sep 29, 2004 11:34am |
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Category | News |
News Date | Wednesday, September 29, 2004 06:00:00 AM UTC0:0 |
Description | NEW YORK (CNN/Money) - The economy grew at a 3.3 percent annual rate in the spring, the government reported Wednesday, stronger than its previous estimate and ahead of forecasts on Wall Street.
Growth in gross domestic product (GDP), the broadest measure of the nation's economic activity, had previously been estimated at a 2.8 percent rate for the second quarter. Economists surveyed by Briefing.com had forecast the final GDP reading for the quarter would come in at 3 percent. |
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