US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending The Associated Press
News Source : Associated Press
News Summary
- The U
- S
- economy grew at a sluggish 1
- 3% annual pace from January through March, the weakest quarterly rate since the spring of 2022
- The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1
- 6% rate last quarter
WASHINGTON (AP) The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from [+4341 chars]
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