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First quarter GDP is revised down to 3.1% as corporate profits slowed 

May 30, 2019By

Real gross domestic product increased at an annual rate of 3.1% in the first quarter of 2019, according to the second estimate released by the U.S. Bureau of Economic Analysis. Today’s estimate is based on more complete source data than was available for the advance numbers issued last month, when GDP was estimated at 3.2%.

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