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U.S. Economy Shrinks Slightly More Than Previously Estimated In First Quarter

Posted by: Top News Editor in Forex News June 29, 2022

Revised data released by the Commerce Department on Wednesday showed U.S. economic activity shrank by slightly more than previously estimated in the first quarter of 2022. The report showed the decrease in real gross domestic product in the first quarter was revised to 1.6 percent from the previously reported 1.5 percent.
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