Economy
Thursday, 6/25, 03:36 PM
U.S. Q1 GDP Revised Up to 2.1%, but the Detail Is Softer Than It Looks
- The U.S.
- economy grew at a 2.1% annual rate in the first quarter, the government's final estimate showed — up from 1.6% — but nearly all of the upgrade came from a quirk in how imports are counted, while consumer spending was revised down.
- The underlying picture of private demand is weaker than the headline.