PIMCO New York Municipal Income Fund IINYSE
Thu, Aug. 11, 3:34 AM
- New York City's economy slowed in Q2 with drops in job creation and personal income tax revenues contributing to the slowest pace of activity since Q4 of 2013.
- "This report confirms that our recovery is no longer gaining steam," NYC Comptroller Scott Stringer said in a statement.
- The 1.7% increase in gross city product still managed to outpace overall U.S. GDP, where the advance second quarter figure showed a 1.2% increase.
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