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Recession Can Wait—the GDP Report's Bright Side


The recession so many investors are expecting didn’t come in the first quarter. It might not come in the second quarter, either.

The Commerce Department on Thursday reported that real, or inflation-adjusted, gross domestic product grew at a 1.1% annual rate in the first quarter. That was lower than the fourth quarter’s 2.6% and below the 2% economists polled by The Wall Street Journal had forecast. Still, it counted as a solid report.



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