The United States' economic growth rate for the first quarter of this year has slowed more sharply than expected.
According to the U.S. Department of Commerce on the 25th (local time), the preliminary estimate of the real Gross Domestic Product (GDP) growth rate for the first quarter was recorded at an annualized rate of 1.6% compared to the previous quarter. This not only represents a slowdown from the fourth quarter of last year (3.4%) but also falls significantly short of market expectations (2.5%).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
