The U.S. economic growth during the first quarter experienced a lower than anticipated increase, according to recently published revised data. The annual growth rate of real Gross Domestic Product (GDP) was 1.3%, a figure lower than the 3.4% recorded in the last quarter of 2023. According to the second estimate, the economy expanded by 1.3%. The downward revision from the preliminary estimate of 1.6% to…
The U.S. economy grows less than expected in the first quarter
The annual growth rate of real GDP at 1.3%, down from 3.4% in the last quarter of 2023.
