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1st Quarter 2017 GDP Revised Upward To 1.4%

The U.S. economic expansion remains on track as it prepares to enter its ninth year.  
 
Gross domestic product, a broad measure of the goods and services produced across the U.S. economy, expanded at a seasonally and inflation-adjusted annual rate of 1.4% in the first quarter, the Commerce Department reported Thursday
 
 
Growing Slightly Faster
First-quarter GDP, initially reported at an anemic 0.7%, has been revised up in subsequentmonths and now stands at 1.4%.

Macroeconomic Advisers on Thursday projected a 3.3% GDP growth rate for the spring quarter and the Federal Reserve Bank of Atlanta’s GDPNow model earlier this week predicted 2.9% growth. ...

… the current expansion has been disappointingly weak, with GDP growth averaging just 2.1% a year.  That is weaker than any other recovery since at least 1949. Still, the unemployment rate has continued to decline, hitting 4.3% in May—its lowest level in 16 years. For

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