U.S. Gross Domestic Product up by 1.9%…

Thursday, 31 May 2012 06:29

U.S. Gross Domestic Product grew in the first quarter of 2012 by 1.9% in annualized terms of quarter on quarter – U.S. Department of Commerce reported in the second calculation.
Analysts had expected GDP growth of 1.9%. The first citation spoke of an increase of 2.2%.

In the fourth quarter of 2011 GDP in the United States rose by 3.0% in annual terms of quarter to quarter.