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GDP revised up to 2% growth rate in first quarter

By Zach Halaschak
Published June 29, 2023 12:31pm ET
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GDP revised up to 2% growth rate in first quarter
FILE - In this Thursday, Oct. 10, 2013, file photo, employees at Sheffield Platers Inc. work on the factory floor in San Diego. The Commerce Department releases fourth-quarter gross domestic product on Thursday, Jan. 30, 2014 (AP Photo/Lenny Ignelzi, File) | Lenny Ignelzi

The Bureau of Economic Analysis announced on Thursday that first-quarter GDP growth clocked in at a 2% annual rate, adjusted for inflation, a major upward revision from the previous estimate of 1.3%.

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Federal Reserve GDP Inflation Interest Rates Recession