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1.Market Observations

27 Jun 2014 (AFR) – US economy falters in first quarter – Recovers from first-quarter crash

(27 June 2014, AFR, p16, John Kehoe)

‘The United States economy shrank far more than previously thought early this year and the ­weakness was due to broader factors beyond a frigid winter. The economy contracted 2.9 per cent in annual terms in the first three months of this year, the worst performance since the recession five years ago.’

Read more at (might need AFR login access)

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