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quarter GDP growthABC News
•85% Informative
US economic growth for last quarter is revised up slightly to a 1.4% annual rate.
Consumer spending grew at just 1.5% rate, down from an initial estimate of 2% , in a sign that high interest rates may be taking a toll on the economy.
The Commerce Department had previously estimated that the gross domestic product — the economy's total output of goods and services — advanced at 1.3% rate last quarter .
VR Score
93
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98
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25
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English
Language complexity
49
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Time-value
short-lived
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2
Source diversity
1
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