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The Top Line: New Revision Reaffirms Halting Growth

May 27, 2016

The U.S. economy grew by 0.8 percent in the first quarter of 2016, the Bureau of Economic Analysis announced in its second estimate released today. The growth represented a slightly faster pace than initially estimated, though still below the 1.4 percent growth rate in the final quarter of 2015. A modest gain in consumer spending and robust residential investment offset a sharp decline in business investment and negative net exports.

For more analysis, see The Top Line report below or online here.