Rabu, 26 Juni 2013

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US growth rate revised down to 1.8%

Breaking news

The US economy grew by less than previously estimated in the first quarter of the year, the Commerce Department has said.

Gross domestic product - which measures annual economic output - grew at an annualised pace of 1.8%, down from an earlier estimate of a 2.4% rise.

Weak business investment, a slowdown in consumer spending and falling exports led to the downward revision.

In the final quarter of 2012, the annualised growth rate had been 0.4%.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23062369#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa