Posted AT 4:33 PM EST on 22/08/08
Flaherty cuts economic forecast
OTTAWA — Finance Minister Jim Flaherty fell in line with private economists Friday and cut his outlook for economic growth this year.
Mr. Flaherty used his department's monthly fiscal update to announce that the federal government has revised its working estimate for growth to 1.1 per cent from the 1.7 per cent forecast in the February budget.
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