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Published on Wednesday, April 29, 2015 | Updated on Wednesday, April 29, 2015

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U.S. | Weak 1Q GDP Continues for 7th Straight Year

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Summary

1Q15 advance estimate of 0.2% does not jeopardize our 2.9% annual forecast. Post-2007 seasonal adjustment trends minimize the relevancy of advance 1Q15 release. Availability of quarterly NSA data would help reveal the underlying causes of systematically weak first quarter growth throughout the past seven years

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