US first-quarter GDP: Economy contracted at a 0.3% rate
Forbes Media’s Steve Forbes joins the international consequences of the growing international consequences of trade tensions between the United States and China.
The US economy has contracted in the first quarter of the President Donald Trump According to new data issued on Wednesday, the economic agenda came into force.
The Bureau of Economic Analysis of the Trade Department (BA) issued its initial assessment of gross domestic product (GDP) found The US economy has signed a contract In the first quarter, at a rate of 0.3% per year, which passes from January to March.
Economists who asked LSEG expected that the economy would increase by 0.3% in the quarter. 0.3% growth of the first quarter was slow than Growth of GDP 2.4% registered in the fourth quarter.
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