Economic
Research
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12 June 2014
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US
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Economic
Highlights
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Collectively, the latest
source data thus far implies further downward revisions to 1q14 real GDP
growth, perhaps to -1.6% from the second estimate of -1.0% annual rate.
The most notable revision, which is likely to detract roughly 0.7%-point from
1q14 GDP growth according to our calculations, emanates from the updated
source information in the Quarterly Services Survey (mainly the source data
for several categories of services consumption spending).
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To
access our recent reports please click on the links below:
20 May 2014 : The
“Yikes” in Growth…
02 May 2014 : Growth
Outlook and Market Conditions
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Friday, June 13, 2014
RHB | US| Down, Up & Fuzzy, 12 June 2014
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