Economy grew at 3.2% in first quarter, beating expectations
(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…) ]
Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.
💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.
📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌