The U.S economy grew at faster rate than expected. First quarter gap expanded by 3.2%. It was the first time since 2015 that first-quarter GDP topped 3%.
Exports rose 3.7% while import decreased by 3.7% in the first quarter. There was also a strong lift in investments in intellectual property products. Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy.
The data was being compared to how the economy was during the longest gov't shutdown. The report helped offset fears of slowing global growth said Alec Young.
https://www.cnbc.com/2019/04/26/gdp-q1-2019-first-read.html
1 comment:
This is an interesting article. I find it particularly interesting that US exports have risen in the first quarter. In the midst of a trade war with seemingly multiple countries this seems like an odd outcome. I am curious if you feel their is a reason for this, or what could happen if a trade agreement is in fact reached?
Post a Comment