U.S. | 1Q16 real GDP growth decelerates to 0.5%

Summary

Real GDP growth slowed to a 0.5% QoQ SAAR pace in 1Q16, down from 1.4% in 4Q15. Residential investment was the primary positive driver, up 14.9%. We maintain our expectations for a 2.5% pace in 2016, assuming a healthy rebound in 2Q

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