File photo of an American flag flying above the Treasury Building
WASHINGTON (Reuters) – Growth in the U.S. economy in the first quarter has been revised upwards and now shows a slightly less pronounced slowdown compared to the previous three months.
GDP rose 1.3% at an annualized rate, the second estimate of gross domestic product (GDP) published by the Commerce Department showed on Thursday, against +1.1% in the first estimate. Economists polled by Reuters had expected the figure unchanged.
In the quarter from October to December, US growth was 2.6%.
(Lucia Mutikani, French version Laetitia Volga, edited by Blandine Hénault)
2023-05-25 12:52:47
#United #States #growth #revised #annualized
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