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US growth rate revised down to 1.8% (BBC)
The US economy grew by less than previously estimated in the first quarter of the year, the Commerce Department has said.
Gross domestic product - which measures annual economic output - grew at an annualised pace of 1.8%, down from an earlier estimate of a 2.4% rise.
Weak business investment, a slowdown in consumer spending and falling exports led to the downward revision.
In the final quarter of 2012, the annualised growth rate had been 0.4%.
Tax impact
The revised figure surprised analysts, who had expected it to remain unchanged at 2.4%.
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more: http://www.bbc.co.uk/news/business-23062369