U.S. GDP Growth Revised Up to 1.2% Rate in First Quarter

U.S. GDP Growth Revised Up to 1.2% Rate in First Quarter

First quarter GDP growth has been adjusted to 1.2% as household spending and business investment came in stronger than expected. The Department of Commerce had originally said first quarter GDP growth was 0.7%. United States growth has averaged 2.1% a year since the recession ended. Economists expect second quarter growth to be substantially higher. The Trump Administration has said its goal is to maintain GDP growth above 3.0% through tax cuts and other policy implementations.

Read more about the adjusted Q1 GDP growth here:

No comments yet.

Leave a Reply