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VCG Monthly Review Nov 2015

Publication Date: 

November 2015

Summary: 

Economic data released during November was mostly weaker than expected with the exception of October’s jobs report. US third quarter GDP growth was revised higher from 1.5% to a 2.1% annual rate. The higher growth rate was primarily due to a smaller than previously estimated inventory adjustment. The revised GDP figure was in line with economists’ expectations. Fourth quarter economic growth is expected to be between 2.0% and 2.5%.