Enter search text:US first quarter GDP growth revised down to 1.6% annual rate: GovernmentAFPLast Updated: May 28, 2026, 06:15:00 PM ISTSynopsisThe US economy expanded less than initially estimated in the first three months of the year, government data showed Thursday, with investment and consumer spending revised lower. Gross domestic product in the world's biggest economy rose at an annual rate of 1.6 percent in the first quarter, the US Commerce Department said, down from 2.0 percent in an advance estimate released last month. bys/acbAgenciesUS first quarter GDP growth revised down to 1.6% annual rate: GovernmentWashington: The US economy expanded less than initially estimated in the first three months of the year, government data showed Thursday, with investment and consumer spending revised lower.Also read: Donald Trump gets lifeline: U.S. economic growth data reveals shocking findings after President's approval rating crashedGross domestic product in the world's biggest economy rose at an annual rate of 1.6 percent in the first quarter, the US Commerce Department said, down from 2.0 percent in an advance estimate released last month.Read More News onExplore More Stories
US first quarter GDP growth revised down to 1.6% annual rate: Government
The US economy expanded less than initially estimated in the first three months of the year, government data showed Thursday, with investment and consumer spending revised lower. Gross domestic product in the world's biggest economy rose at an annual rate of 1.6 percent in the first quarter, the US Commerce Department said, down from 2.0 percent in an advance estimate released last month. bys/acb
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