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In defence of US GDP

Jan 30 2013  US GDP dropped in the fourth quarter of 2012 for the first time outside a recession since 1977, thanks to surprise cuts in defence spending. James Mackintosh, investment editor, finds some good signs in the data, but worries that if good news comes through on the economy that would be bad news for investors.  (3m 56sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.

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