Current location:Stellar Spectacle news portal > health
US GDP growth slows to annual rate of 1.6% in Q1
Stellar Spectacle news portal2024-05-21 14:28:40【health】7People have gathered around
IntroductionThe U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in th
The U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in the first quarter of this year, the U.S. Department of Commerce reported on Thursday.
The latest data marks a sharp slowdown from the fourth quarter in 2023, when GDP grew by 3.4 percent, according to the Bureau of Economic Analysis.
Compared to the fourth quarter, the deceleration of real GDP in the first quarter primarily reflected decelerations in consumer spending, exports, and state and local government spending and a downturn in federal government spending. These movements were partly offset by an acceleration in residential fixed investment.
The newly released GDP estimate for the first quarter, in what was called an "advance" estimate, is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the first quarter, based on more complete source data, will be released on May 30.
Address of this article:http://janmayen.fivesixgroup.com/article-21a599441.html
Very good!(77)
Related articles
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Sheriff believes body in burned SUV to be South Florida woman who went missing after carjacking
- Maine lawmakers approve shield law for providers of abortion and gender
- A priest from France accused of sexually assaulting children in the Canadian Artic has died
- Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- German parliament approves payment cards for asylum
- Suburban Detroit police fatally shoot man who pointed gun at them
- New York hush money case: Judge declines to delay trial after Trump complains of pretrial publicity
- Ohio judge to rule Monday on whether the state’s abortion ban stands
- Tycoon Truong My Lan's death sentence is a turning point for Vietnam
Popular articles
Recommended
'The Apprentice,' about a young Donald Trump, premieres in Cannes
Roberto Cavalli, Italian fashion designer, dies at 83
China is surging equipment sales to Russia to help war effort in Ukraine, US intelligence finds
Prince Harry scores goal in charity polo match as Meghan, Netflix cameras look on
'The Apprentice,' about a young Donald Trump, premieres in Cannes
Colombia's capital starts rationing water after reservoirs hit historically low levels
Arizona abortion law: Trump pushes state lawmakers to remedy ruling
Belgium launches probe into suspected Russian interference in upcoming EU elections
Links
- Pucksters back in the big time
- China specifies steps to improve payment services in tourist attractions
- Xi Extends Condolences to Moroccan King over Deadly Earthquake
- Xi Stresses Building General Offices of Party Committees, Governments into Model Organs
- Private sector to get active support for major projects
- Xi Sends Congratulatory Letter to 2023 Beijing Culture Forum
- Xi Sends Congratulatory Letter As SCO Justice Ministers Meet in Shanghai
- Xinjiang delivers 740 billion kWh of electricity to nation
- Southgate slams hapless Maguire's treatment as 'joke'
- Elementary school students participated in after