NEW YORK, May 27 (Xinhua) -- The U.S. economy shrank in the first quarter of this year at a slightly faster rate than initially reported, CNN cited the Bureau of Economic Analysis on Thursday.
U.S. gross domestic product, the broadest measure of economic activity, decreased at an annualized rate of 1.5 percent between January and March, adjusted for seasonal swings, according to the second estimate of the data.
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