Growth Domestic Product was revised lower to a rate of 2.8%. Economists were expecting an upward revision of the original 3.2% figure to 3.3%. Consumer spending was also revised lower from 4.4% to 4.1%.
To read a CNN Money article, please click here:
http://money.cnn.com/2011/02/25/news/economy/gdp_revision/index.htm
James Sutliff