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US GDP growth slower than expected
The US economy grew at a 1.9 per cent in the first three months of 2012 below the 2.2 per cent first estimated.
Weaker consumer spending and more imports hit the figures.
The second official estimate of gross domestic product (GDP) from the Commerce Department also showed that after-tax corporate profits fell for the first time in three years.
Consumer spending grew at 2.7 per cent rather than the 2.9 per cent anticipated.