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FEB 06, 2014 - Zero Hedge

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Here Come The Q4 GDP Downward Revisions As December Exports Tumble, Trade Deficit Balloons

Update: that didn't take long - Barclays Cuts 4Q Tracking GDP to 2.8% From 3.2% Here come the downward revisions to the "strong" initial Q4 GDP print. Moments ago the December trade deficit was released, and it soared from the impressive November deficit print of $34.6 billion to a far less impressive $38.7 billion, far above the $36.0 billion expected, and an indication that, as we warned, the Q4 GDP revisions are imminent (unless of course inventory numbers rise even more to offset the weakness). As the BEA simply explains, "The deficit increased... as exports decreased and imports ... Read More

Tags: Here Come The Q4 GDP Downward Revisions As December Exports Tumble, Trade Deficit Balloons,  Exports Latest News