Current location:style >>
US GDP growth slows to annual rate of 1.6% in Q1
style4People have gathered around
IntroductionThe U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in th ...
The U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in the first quarter of this year, the U.S. Department of Commerce reported on Thursday.
The latest data marks a sharp slowdown from the fourth quarter in 2023, when GDP grew by 3.4 percent, according to the Bureau of Economic Analysis.
Compared to the fourth quarter, the deceleration of real GDP in the first quarter primarily reflected decelerations in consumer spending, exports, and state and local government spending and a downturn in federal government spending. These movements were partly offset by an acceleration in residential fixed investment.
The newly released GDP estimate for the first quarter, in what was called an "advance" estimate, is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the first quarter, based on more complete source data, will be released on May 30.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Site news portal”。http://turkey.downmusic.org/html-65c998963.html
Related articles
Devout Christian doctor, 68, who punched dementia
styleAn 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi ...
【style】
Read moreTexans receiver Tank Dell was among 10 people wounded in shootout at Florida party, sheriff says
styleSANFORD, Fla. (AP) — None of the 10 people who were wounded in a shootout at a Florida restaurant ov ...
【style】
Read moreThe AstraZeneca vaccine 'victims': From families losing loved ones to those left with life
styleThe AstraZeneca vaccine was said to have saved more than six million lives around the world in the f ...
【style】
Read more
Popular articles
- Company wins court ruling to continue development of Michigan factory serving EV industry
- House and Senate negotiate on bill to assist FAA
- 3 officers killed, 5 wounded in Charlotte, North Carolina shootout; a suspect is dead
- How to watch the Kentucky Derby
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- King and Queen jet back to London for public
Latest articles
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
1 military horse under observation, another to recover fully, British Army says
Billy Joel serenades ex
Sue Bird says joining ownership group of the Seattle Storm felt inevitable
Mohammad Mokhber: Who is Iran’s acting president?
University of Arizona student shot to death at off
LINKS
- AP Sports Week in Pictures
- Encino out of Kentucky Derby, Epic Ride joins the 20
- To fend off tourists, a town in Japan is building a big screen blocking the view of Mount Fuji
- Proof you CAN outrun bad genes with just four lifestyle tweaks
- The US is building a pier off Gaza to bring in humanitarian aid. Here's how it would work
- What's causing the catastrophic rainfall in Kenya?
- Haiti prime minister: transitional council names new leader
- Portuguese
- Lilly rides Mounjaro, Zepbound to better
- Scammers stole more than $3.4 billion from older Americans last year, an FBI report says