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Tag Archives: U.S economy

U.S economy contracts 5% in Q1 in final estimate

Kampala, Uganda | XINHUA | U.S. economic activity in the first quarter (Q1) contracted at an annual rate of 5.0 percent in the third, or final estimate, unrevised from the second estimate, the U.S. Commerce Department reported Thursday. With the third estimate, an upward revision to nonresidential fixed investment was …

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