U.S. Q1 growth revised down to 2.2% on inventories

UNITED STATES GDP in the first quarter grew at a 2.2 percent annualized rate, adjusted down from a previously estimated 2.3 percent rate. / BLOOMBERG
UNITED STATES GDP in the first quarter grew at a 2.2 percent annualized rate, adjusted down from a previously estimated 2.3 percent rate. / BLOOMBERG
NEW YORK - The United States economy grew in the first quarter at a slightly slower pace than previously estimated, while tax cuts gave a significant boost to corporate profits, according to Commerce Department data released Wednesday. Highlights of first-quarter GDP (second estimate) Gross domestic product grew at a 2.2 percent annualized rate (est. 2.3…

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