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GDP growth in the US was revised downwards


Today was published the final report on the growth of US GDP in the third quarter, according to which the growth rate was 2.0% per year, against a previous estimate of 2.1%. The main reasons for the revision have become a larger trade deficit and a smaller increase in inventories in the country. Growth in consumer spending was 3.0%. In the fourth quarter it is expected that growth will continue at the same rate and for the year the GDP of the world's largest economy will grow by 2.2%. This fact will weaken the dollar, but in spite of an expected tightening of monetary policy in the US and the program of quantitative easing in the euro area will put pressure on quotations of the euro, which could fall to 1.05 and 1.02 in the coming months.

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Tuesday, 22 Dec, 2015 / 2:04

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