US GDP Poor, but Weakness Exaggerated

News that the US economy contracted in Q4 for the first time since the recession ended is a shock. However, the 0.1% contraction (annualized) is an exaggeration of the economy’s weakness. A confluence of factors took a toll. The preliminary estimate is that inventories took 1.35% off GDP. Als…

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US GDP Poor, but Weakness Exaggerated

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