• Here comes GDP

    11 monthes ago - By Business Insider

    The Commerce Department will release its second estimate of US Gross Domestic Product growth during the first quarter at 8:30 a.m. ET.
    Economists forecast that headline GDP will be unrevised at an annualized growth rate of 2.3% according to Bloomberg.
    The initial estimate was higher than expected even after a slowdown in consumer spending. Consumer spending, the biggest contributor to the economy, slowed to a 1.1% growth rate from 4% in the fourth quarter. But its drag on the economy was partly offset by strong business investment.
    During most of this recovery, first-quarter growth has...
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