February 2014 Flash Report

US GDP grew by 2.4% in the 4th quarter, down from the prior estimate of 3.2%. Unusually harsh winter weather across the US is partly to blame for theweakness and is expected to have a negative impact on 1st quarter GDP growth as well. Ukrainian President Viktor Yanukovych was overthrown this month, leaving the country in desperate need of US and European financial, and perhaps military, aid as its sovereignty is threatened by Russia.

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