[ad_1]
The United States (US) economy slowed more than expected in the first quarter after slower-than-expected growth in consumer spending, an indicator that has reached its peak. the lowest in almost five years. And even though growth seems to have picked up since then thanks to a robust job market and tax cuts, the performance of activity in March should have been revised downward.
GDP grew by 2 percent a year over the period, the Commerce Department reported Thursday in its third estimate of the first quarter's revenue, cutting the previous report which indicated a 2.2 percent expansion over the period # 39; s badysis.
The US economy climbed 2.9% in the fourth quarter of 2017. The review reported that day is also occurring in a context of less inventory buildup than the government estimated last month.
[ad_2]
Source link
