The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, real GDP was estimated to have increased 0.1 percent. With this second estimate for the first quarter, the decline in private inventory investment was larger than previously estimated (see “Revisions” on page 3).
Not to worry. Economic growth is set to resume. ( As long as something bad doesn't happen first, like cold weather, which is the blame for this bad report. )
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