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27.05.2016 14:37:39
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U.S. GDP Increases Faster Than Previously Estimated In Q1
(RTTNews) - While the Commerce Department released a report on Friday showing stronger than previously estimated U.S. economic growth in the first quarter, the pace of growth still reflects a significant slowdown.
The report said the pace of growth in gross domestic product was upwardly revised to 0.8 percent from the initial estimate of 0.5 percent.
Nonetheless, the revised GDP growth in the first quarter compares to the 1.4 percent jump seen in the fourth quarter and the 0.9 percent increase expected by economists.
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