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AFP EconWatch - June 2, 2014

  • By Staff Writers
  • Published: 2014-06-02

For the first time in three years, the U.S. economy shrank. The Bureau of Economic Analysis updated its estimate of first quarter Gross Domestic Product (GDP) last week, where it revised its previously reported 0.1 percent seasonally adjusted annualized gain to an 1.0 percent contraction.

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