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[Tuff-Stuff]

Week Ahead: GDP and Merry Christmas

By Dunstan Prial
Published December 19, 2014
FOXBusiness

A final revision of third-quarter GDP and housing data will highlight next week’s economic calendar. All U.S. banks and securities markets are closed Thursday for the Christmas holiday.

Analysts expect the third report on third-quarter GDP, out Tuesday, to show a $15 billion upward revision. About $7 billion is expected from construction spending -- both private and public, according to analysts at IHS Global Insight. Another $5 billion comes from the Census Bureau’s third-quarter Quarterly Services Survey. Consequently, third-quarter real GDP growth is expected to be revised up to 4.3% from 3.9% in the Second Estimate and 3.5% in the Advance Estimate.

more http://www.foxbusiness.com/economy-policy/2014/12/19/week-ahead-gdp-and-merry-christmas/