The government’s forecast
is 1.4%. Some private economists have
be predicting less than 1%. But the quarter just ended (the last of FY 2013) on
March 31 was 5.9% versus a consensus of 4%, as consumer spending anticipated a 3%
rise in sales tax. Reports say
post-tax-increase sales have not dropped off as much as expected, however, and
capital spending was up 4.9% in the quarter.
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