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The Top Line: GDP Growth in Q1 Revised Upward to 1.1 Percent

Jun 29, 2016

The U.S. economy grew by 1.1 percent (revised), the Bureau of Economic Analysis announced Tuesday, a slightly faster pace than was initially estimated, although still below the 1.4 percent growth rate in the final quarter of 2015. 

A modest gain in consumer spending, small uptick in net exports, and robust residential investment offset a sharp decline in business investment. Will heightened global uncertainty, particularly in Europe, reduce the likelihood of a rebound in the second quarter and beyond?

For more analysis, see The Top Line graphics posted below or downloable here.