The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 percent — better than an earlier estimate of 0.7 percent but well below President Donald Trump's ambitious growth targets.

Topics:  u.s    january-march   president donald trump   growth   percent   
BING NEWS:
  • Stock market today: US stocks drop as 1st-quarter GDP growth comes in weaker than expected
    The US economy grew at an annualized rate of 1.6% in the first three months of the year, badly lagging expectations of 2.4%.
    04/25/2024 - 2:46 am | View Link
  • U.S. GDP Grows at 1.6% in First Quarter, Falling Short of Analysts’ Forecasts
    According to the Bureau of Economic Analysis's advance estimate, the gross domestic product (GDP) increased at an annualized rate of 1.6%, a sharp deceleration from the 3.4% growth recorded in the ...
    04/25/2024 - 2:30 am | View Link
  • US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
    WASHINGTON | The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid ...
    04/25/2024 - 2:24 am | View Link
  • GDP report: First-quarter 1.6% growth with hot inflation seen as worst of both worlds
    Why did GDP fall short of forecasts? Almost entirely because of a bigger trade deficit and a weaker buildup in inventories or unsold goods. A wider trade deficit in the first quarter shaved 0.9 ...
    04/25/2024 - 2:21 am | View Link
  • Economic Growth Surprisingly Slowed To 1.6% In First Quarter
    The U.S. economy as measured by the inflation-adjusted Gross Domestic Product (GDP) grew at an annualized rate of 1.6% in the first quarter, down from 3.4% in the fourth quarter of last year.
    04/25/2024 - 1:55 am | View Link
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