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Wednesday, April 29, 2015

Markets await Greek bailout progress and US GDP

All the latest economic financial news, as Greece’s government scrambles to raise funds to meet debt repayments 6.57am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Coming up... after yesterday’s surprise drop in UK growth, it’s America’s turn to report GDP data. And economists predict that US growth also slowed, from an annualised rate of 2.2% to just 1% (or a measly 0.25% in pure quarter-on-quarter terms).A lower number would raise bigger concerns that it could get revised even lower. This is because US GDP does have a habit of getting revised lower, and any further weakness could well raise additional concerns about how well the US economy is actually doing. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com