INQUIRER.net: US economy grew 2.4% in first quarter

INQUIRER.net Philippine News for Filipinos

US economy grew 2.4% in first quarter May 30th 2013, 22:53 WASHINGTON—The US economy grew at an annualized rate of 2.4 percent in the first quarter, according to the latest Commerce Department estimate released Thursday.   The small downward revision from the 2.5 percent growth initially estimated last month was unexpected, with analysts forecasting the rate would hold steady.   "The general picture of overall economic activity is not greatly changed," the Commerce Department said.   Gross domestic product growth in the first quarter was the strongest since the fourth quarter of 2011, and far stronger than the 0.4 percent pace in the final quarter of 2013.   But over the last two quarters, GDP growth... Keep on reading: US economy grew 2.4% in first quarter Media files: US-growth.jpg (image/jpeg)

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