GDP revised up to 2% growth rate in first quarter #shorts

The Bureau of Economic Analysis announced on Thursday that first-quarter GDP growth clocked in at a 2% annual rate, adjusted for inflation, a major upward revision from the previous estimate of 1.3%. Thursday’s report, which is the third and final GDP estimate for this year’s first quarter, indicates that the economy was able to stay above water despite rising interest rates and other economic headwinds. Read the full story here: https://www.washingtonexaminer.com/policy/economy/gdp-revised-up-to-2-growth-rate-in-first-quarter Check out our website: https://www.washingtonexaminer.com/