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First-Quarter GDP Growth Exceeds Economists’ Expectations

Written by The Ashton Report

Real growth of gross domestic product increased at an annual rate of 6.4% during the first quarter of 2021, exceeding many economists’ expectations. The Blue Chip Economic Indicators consensus forecast for 1Q-21 growth in early April was a full point lower at 5.4%.  Driving the growth was an historic surge in personal income growth fueled…

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