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Third Estimate 4Q2016 GDP Revised Upward. Corporate Profits Up.

Thursday, March 30, 2017 6:20
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(Before It's News)

Written by Doug Short and Steven Hansen

The third estimate of fourth quarter 2016 Real Gross Domestic Product (GDP) was revised upward to 2.1 %. This improvement was mainly due to significant upward revision to personal consumption expenditures for services and inventory levels – but with headwinds from trade and government spending

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