US economic growth slightly less strong


The economy of the United States grew slightly less in the first quarter of this year than previously thought. According to a new estimate by the US government, growth was 3.1 percent on an annual basis. With a preliminary estimate this was 3.2 percent.

In the fourth quarter of 2018, the world’s largest economy still grew by 2.2 percent. The downward adjustment over the past period is partly related to weaker business investments in equipment and software. American consumer spending was somewhat stronger than previously reported, just like exports.

Economists expected on average that the growth would be adjusted to 3 percent.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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