Barclays pares U.S. Q1 GDP view to 1.9 pct

March 15, 2016 1:41 PM

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NEW YORK, March 15 Barclays economists on Tuesday reduced their outlook on U.S. economic growth in the first quarter following a disappointing report on domestic retail sales in February which included sharp downward revisions on January's figures.

They downgraded their outlook on U.S. gross domestic product in the first quarter to an increase of 1.9 percent from their earlier estimate of a 2.4 percent gain.

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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