U.S. | Real GDP Growth Revised Down to 2.2% in 4Q14

Summary

Real GDP growth in 4Q14 was revised down to 2.2% QoQ SAAR in the preliminary report, mostly due to an adjustment in private inventory investment. Gross private fixed investment was revised down from the initial estimate of 7.4% to 5.1%, the slowest pace since 1Q14, yet nonresidential fixed investment was revised up from 1.9% to 4.8%

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