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.
