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VCG Monthly Review Dec 2015

Publication Date: 

December 2015

Summary: 

The U.S. economy expanded at a 2.0% rate in the third quarter, slower than the prior estimate of 2.1%. The downward revision was the outcome of a larger trade deficit stemming from a strong U.S. Dollar, weak global demand and falling commodity prices. Volatile business inventories reduced more than expected, resulting in a lower GDP growth. The fourth quarter is expected to grow 1.5%.