(Reuters) - The latest figures, presented on a
fourth-quarter-over-fourth-quarter basis, update estimates that
were made last November. They will be used in a mid-year review
that the White House will issue later.
The main reason for revising the figures down was because
the economy grew at a weak pace in the first quarter of this
year, though the Bush administration forecast the pace of
growth will pick up as the year wears on.
Read more at Reuters.com Economic News
fourth-quarter-over-fourth-quarter basis, update estimates that
were made last November. They will be used in a mid-year review
that the White House will issue later.
The main reason for revising the figures down was because
the economy grew at a weak pace in the first quarter of this
year, though the Bush administration forecast the pace of
growth will pick up as the year wears on.
Read more at Reuters.com Economic News
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