U.s. Economy Grows At 2.5% Rate In 1st Quarter

WASHINGTON -- U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.

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  • Data
    Published on 2018-05-30. US GDP Growth Beats Forecasts in Q1. The US economy expanded an annualized 2.3 percent on quarter in the first quarter of 2018, below 2.9 percent in the previous period but beating market expectations of 2 percent. Still, it is the lowest growth rate in a year, the advance estimate showed.
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