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US first quarter growth cut to 1.8%

June 26, 2013 - 22:17 By 이다영
WASHINGTON,(AFP) - The Commerce Department said Wednesday that the US economy grew only 1.8 percent in the first quarter, a sharp revision from the previous estimate of 2.4 percent.

The department said personal spending was lower than previously estimated, and that both exports and imports actually declined in the January-March period.