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US in the spotlight

Today it is the US that is in the spotlight, with growth revised downwards for the third quarter, according to figures from the US Commerce Department. The previous estimates saw the economy growing at 2.5%, but the new estimate puts this annual growth at a significantly lower 2%. This is nevertheless a marked improvement on the Q2 figure of 1.3%. The downward revision was largely due to restocking by firms being over-estimated previously.