Fourth Quarter GDP from 2013 Revised Down

Mar 01, 14 Fourth Quarter GDP from 2013 Revised Down

Posted by in Economics, Featured

The Department of Commerce revised the 4th quarter GDP from 2013 to 2.4% from 3.2%. Here’s the takeaway line: Also contributing to the slowdown: a larger decrease in federal government spending and downturns in housing investment and in state and local government spending. Federal spending decreased only in the tens of...

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