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Published on Tuesday, November 25, 2014

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Another Surprising Upward Revision to Real GDP

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Summary

Real GDP growth for 3Q14 was revised up from the advance of 3.5% to 3.9% QoQ SAAR. Upward revision due in large part to consumption and nonresidential fixed investment. Revised data puts additional upward bias on our baseline scenario for growth in 2014

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