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Epic Research
The week is in-store to some crucial economic data from the U.S. in terms of Durable goods orders, Consumer confidence and an updated estimate of third-quarter GDP. The GDP data due on Thursday could witness mth ave. to 2.9 percent from an initial estimate of 2Oct percent, 2.80% a sign that the economy has EC Euro-Zone M3 s.a. 3 a revision improved but still a long way to go to ascertain significant recovery. Consumer spending by contrast has held up reasonably well, though EC Euro-Zone M3 s.a. expectations are for a bit of a slowdown but with the Black Friday projected sales better than last year and growing optimism among US U.S economy coming months could witness rejuvenation in the spending figures.