First-quarter economic growth up 3.1%, slightly better than Wall Street expected
Source CNBC
PUBLISHED THU, MAY 30 2019 8:30 AM EDT, UPDATED THU, MAY 30 2019 9:37 AM EDT
Jeff Cox
The U.S. economy grew by 3.1% to start the year, slightly better than expected and providing some relief at a time when recession fears are accelerating, the Commerce Department reported Thursday.
First-quarter gross domestic product beat the 3% Dow Jones estimate but was lower than the initial 3.2% projection from the Bureau of Economic Analysis. The decrease came due to downward revisions to nonresidential fixed and private inventory investment, two key drivers to GDP.
Now, what were you saying MAC1958 you stupid half-witted imbecile?