US economy grows at a slower 2.2%

US economy grows at a slower 2.2%
 

The US economy grew at an annual rate of 2.2% in the first three months of the year, slightly more slowly than the original estimate of 2.3%.
The Commerce Department published the revision on Wednesday in its second estimate of GDP.
It said exports, inventory investments and consumer spending were weaker than first reported.
The declines exacerbated the slowdown from the fourth quarter of 2017, when US GDP increased by 2.9%.
The first quarter is typically the weakest of the year and many economists expect economic growth to accelerate in coming months, as some activity shifts later in the... read more

 
30 May 2018 in Business, Views: 50
Source: BBC
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