The Week Ahead

GROSS NATIONAL PRODUCT (REVISION) Wednesday, May 29, 8:30 a.m.

The first-quarter economy probably declined at a 2.6% annual rate--little changed from the Commerce Dept.'s initial estimate of a 2.8% drop, according to a survey done by MMS International, a unit of McGraw-Hill Inc. Upward revisions to consumer spending and foreign trade will be offset by lower readings on inventories and nonresidential construction. In the fourth quarter, real GNP fell at a 1.6% annual rate.

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