Worthy Christian News » US News » Economy grew at 3.2% in first quarter, beating expectations


Economy grew at 3.2% in first quarter, beating expectations

Monday, April 29, 2019 | Tag Cloud Tags: , , , ,

(Worthy News) - The economy grew at a 3.2% annual rate in the first quarter, the Bureau of Economic Analysis reported Friday morning, easily beating forecasters' expectations.

The healthy growth rate in gross domestic product also improved on the 2.2% rate seen in the fourth quarter of 2018, despite several economic headwinds in the first quarter of this year, such as the partial government shutdown and a slowdown in the global economy. The bureau said that the pick-up in growth was driven by stronger state and local government spending and exports.

President Trump has promised sustained 3% annual GDP growth, a promise that was narrowly fulfilled in 2018 — depending on how you measure GDP. [ Source: Washington Examiner (Read More...) ]

Let your Friends know! Be sure to SHARE!

FacebookTwitterWhatsAppBufferLinkedInPin ItEmail a Friend
Copyright 1999-2019 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » Economy grew at 3.2% in first quarter, beating expectations

Latest Worthy News

Leave a Comment

Worthy Christian News » US News » Economy grew at 3.2% in first quarter, beating expectations