04/24/2024

U.S. GDP Growth Revised Up to 1.4% in First Quarter

The U.S. economic expansion remains on track as it prepares to enter its ninth year.

Gross domestic product, a broad measure of the goods and services produced across the U.S. economy, expanded at a seasonally and inflation-adjusted annual rate of 1.4% in the first quarter, the Commerce Department reported Thursday.

That was up from an earlier estimate of 1.2% growth, and forecasters expect a further pickup in the second…

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