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View Diary: Open thread for night owls. Thomas Frank: Talk about squelching inequality can't be left to elites (67 comments)

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  •  GDP Growth Last Quarter - Adjusted Downward (0+ / 0-)
    The US economy grew at a much slower rate from October to December than originally predicted, the US Commerce Department said.

    US gross domestic product (GDP) grew at an annualised rate of 2.4% in the fourth quarter of 2013, down from an initial estimate of 3.2%.

    The revision is down to weaker than expected consumer spending.

    Severe winter weather in the US is expected to slow growth further in the current quarter.

    The Commerce Department initially predicted consumer spending had expanded by 3.3%, but spending is now estimated to have grown at a 2.6% annual rate.


    "We are beyond law, which is not unusual for an empire; unfortunately, we are also beyond common sense." Gore Vidal

    by Superpole on Sat Mar 01, 2014 at 04:38:32 AM PST

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