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VCG Monthly Review June 2015

Publication Date: 

June 2015

Summary: 

US first quarter real GDP declined at a 0.2% annualized rate (a.r.), according to the third estimate released by the Bureau of Economic Analysis (BEA). This is an improvement over the previous estimate of -0.7% as personal consumption and gross private domestic investment were stronger than prior reports. Real GDP has increased 2.9% year-over-year (YoY). Economists expect second quarter GDP growth to be in the 2% to 3% range.