Growth Decelerated:
On Thursday last, the Commerce Department reported that the U.S. economy had grown at the annual rate of 1.6%, significantly less than the 2.5% consensus because, surprisingly, it had been dragged down by companies depleting their inventories and an outburst in imports. If it hadn’t been for these 2 setbacks, real growth would have been 2.9%.
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A Macro Market View by Hubert Marleau
