Pantheon Macroeconomics - Just two components of first quarter GDP were weak enough together to depress growth by 2.0 percentage points. Net foreign trade subtracted 1.25 percentage points, while falling investment in non-residential structures reduced growth by 0.75pp.

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04 May. 2015 Q1 Trade Hit to GDP Will Reverse in Q2, but Oil Capex to Drop Again

By Ian Shepherdson

Just two components of first quarter GDP were weak enough together to depress growth by 2.0 percentage points. Net foreign trade subtracted 1.25 percentage points, while falling investment in non-residential structures reduced growth by 0.75pp.

Posted: 4th May 2015 in 'U.S. Documents'

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