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The annual expansion was revised down to 1.3%. That could indicate softening elsewhere, including trade partners like Canada and China.

Real GDP increased at an annual rate of 1.3% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate.

Treasury yields fell on Thursday as buyers emerged for government debt and a revised reading of first-quarter U.S. GDP growth showed the economy grew at the smallest rate in almost two years.

The PM emphasized that economic results for 2023 show Russia’s positive trends

U.S. economy grew at 1.3% in Q1, slower than expected. Inflation may continue to decline, easing pressure on Fed to cut rates. Experts have mixed views on potential impact.

Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product (GDP) fared in the first quarter, the Bureau of Economic Analysis indicated that the…

Real U.S. gross national product grew at an annual rate of 1.3% in the first quarter, according to a second estimate Thursday from the Bureau of Economic Analysis. In the fourth quarter of 2023 real GDP grew 3.4%.

BCC calls for improved relations with the EU to cut the costs for business, while sticky inflation worries markets

The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.

The U.S. grew at a lackluster 1.3% annual pace in the first three months of the year, revised figures show, largely because of softer consumer spending that could herald a broader slowdown in the economy.

The second estimate of first quarter real GDP growth was revised down 0.3 percentage points (pp) to 1.3% quarter-over-quarter (annualized) – bang-on the consensus forecast. Looking under the hood, downward revisions to consumer spending,…

The Swiss franc has posted strong gains on Thursday after Switzerland’s GDP was hotter than expected. USD/CHF is down 0.83% on the day and is trading at 0.9056 early in the North American session. In the US, second-estimate GDP grew 1.3%…

The International Comparison Program (ICP) showed that, in 2021, the EU's gross domestic product (GDP) represented 15.2% of world GDP when expressed in purchasing power standards (PPS).

Get latest articles and stories on Business at LatestLY. Despite subdued global economic activity and multiple headwinds, the Indian economy expanded impressively, with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the…

Global stock markets remain under pressure as worries mount that interest rates will stay high for longer.

Indian economy is projected to grow at 7 per cent -- the fastest among major economies across the world -- in the current fiscal year, underpinned by a sustained strengthening of macroeconomic fundamentals, the Reserve Bank of India (RBI)…

The S&P 500 is on pace for its worst week in six amid a spike in Treasury bond yields tied to renewed inflation risks.

In the final trading sessions of May, leading currencies have been in a downward trend against the dollar. For instance, the pound/dollar pair lost over 100 pips in a single day, euro sellers in the EUR/USD pair are testing 1.0800, and the…