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April 26, 2019

Unexpectedly, the Economy Grew 3.2% In the First Quarter, Obliterating Expectations

And this was an economy hampered by bad winter weather and the shutdown.

And yet.

First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said in its initial read of the economy for that period.

Economists polled by Dow Jones expected the U.S. economy increased by 2.5% in the first quarter.

Gross domestic product for the first quarter was the best start to a year since 2015.

Trump's CEA says that certain factors haven't been taken account of yet, and claims the real growth rate might have been 4.4%. Well, we'll have to see about that.


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posted by Ace of Spades at 04:10 PM

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