US: Only Minor Revisions to Q1’s Contraction; Corporate Profits See Biggest Decline Since the Financial Crisis

<p>The contraction in the U.S. economy in the first quarter was revised to 5% annualized in the second estimate, slightly worse than the 4.8% reported a month ago. The second estimate is based on more complete source data than were available for the “advance” estimate issued last month. The BEA used novel data techniques to […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/fundamental-analysis/298887-us-only-minor-revisions-to-q1s-contraction-corporate-profits-see-biggest-decline-since-the-financial-crisis/">US: Only Minor Revisions to Q1’s Contraction; Corporate Profits See Biggest Decline Since the Financial Crisis</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>