Article By: James HamiltonRead
Friday, April 28, 2017 1:33 PM EDT
The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 0.7% annual rate in the first quarter, weak even by the post-recession average annual growth rate of 2.1% and far below the U.S. historical average of 3.1%.
Article By: Rick DavisRead
Friday, April 28, 2017 12:26 PM EDT
In their first (preliminary) estimate of the US GDP for the first quarter of 2017, the BEA reported that the US economy was growing at a +0.69% annual rate, down roughly two-thirds (-1.39%) from the +2.08% reported for the prior quarter.