A far better outcome than expected for the US economy - its grown at a solid 3.2 per cent annual rate in the first three months of the year
A far better outcome than expected for the US economy - its grown at a solid 3.2 per cent annual rate in the first three months of the year
27 April 2019
That's in spite of a host of headwinds including global weakness, rising trade tensions and a partial government shutdown.
The advance in the gross domestic product marks an acceleration from a 2.2 per cent gain in the previous October- December period.
However, about half the gain reflected two factors not expected to last - a big jump stockpiling by businesses and a sharp contraction in the trade deficit.
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