Friday, June 30, 2017

U.s. economy grows 1.4 percent in the first quarter after review

The GDP (gross domestic Product) grew by 1.4% in the first quarter of 2017, result above the result initially designed, 1.2% increase. The rate was revised by the Department of Commerce and released this Thursday (29). The high index was due to the increase in exports and the unexpected increase in consumer spending, which accounts for more than two-thirds of us economic activity. On preview, the increase in expenses had been 0.6%, but the review showed that the growth was 1.1%. The pace, however, is more the slowest since the second quarter of 2013. Exports in the period were revised from 5.8% to 7%, a result that also contributed to the increase in the growth of country''s economy. The economic team of the President Donald Trump outlined the goal of a 3% growth in the year, that rate is not seen since the 1990. Last year, the U.S. GDP grew 1.6%. The GDP for the first quarter tends to be lower than that of the rest of the year due to the database used by the Government.
Jornal do Comércio - 29/06/2017 News Item translated automatically
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