U.S. Growth Revised Lower
(Wall Street Journal) — The U.S. government revised down for the second time its estimate of economic growth in the first three months of 2010 on the back of lower consumer spending, underscoring caution about the recovery’s strength. Gross domestic product rose at a 2.7% annual rate January through March, the Commerce Department reported Friday in its third GDP estimate for the first quarter. That was down from an original estimate of 3.2% in April.
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