Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Falls Sharply From 3.1% In Q4, Initial Claims Surge

| April 28, 2011

The U.S. economy grew at a slower pace than forecast, surprising many in the first quarter as government spending declined by the most since 1983.  Gross National Product prints 1.8% down from consensus of 2.0% which had multiple negative revisions. Economists were unanimous by a record amount, in a poll….. that things were going to be dynamically better and […]

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