US raises first-quarter growth estimate to 1.1%

GMT 13:15 2016 Tuesday ,28 June

Arab Today, arab today US raises first-quarter growth estimate to 1.1%

US raises first-quarter growth estimate to 1.1%
Washington - Arab Today

The US economy grew more strongly than thought in the first quarter, accelerating to a 1.1 percent annual rate, the Commerce Department said Tuesday.

Growth in gross domestic product -- the broad measure of output in goods and services -- was revised upward from the previous estimate of 0.8 percent, and was slightly stronger than the 1.0 percent pace analysts expec

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