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February 2, 2007
HP-245

Treasury Economic Update 2.02.07

"We saw the importance of trade for U.S. workers in this morning's strong GDP data. GDP growth in the fourth quarter was 3.5 percent and inflation was moderate at 1.5 percent. Trade contributed more than 1.6 percentage points to growth, with double-digit export gains accounting for more than 1 percentage point. We have reached a cross-over point in which American exports are growing faster than imports – and have been doing so for 4 straight quarters."

 

 

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