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UBS: Consumption still buggered

March 9, 2018 - 11:56 -- Admin

Via UBS: Q4 GDP slowed more than consensus to 0.4% q/q & a below ‘trend’ 2.4% y/y… Real GDP slowed to 0.4% q/q in Q4-17, the lowest since Q3-16. On the day this was in line with UBS, but below consensus (0.5%), & further below the 0.7% expected before ‘partials’. However, Q3 was revised up

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