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Exports and Consumption Keep US Economy Afloat in Q1
Posted
June 29, 2023
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38,066
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June 29, 2023
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0.07%
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1:01Now PlayingGrowth in exports and consumer spending helped the US economy avoid recession in the first quarter. The Commerce Department’s third and final estimate of GDP showed an annualized increase of 2.0% well above the first estimate of 1.3%. The upward revision was largely due to US consumers, with personal consumption expenditures up 4.2%, the highest quarterly pace since Q2 2021. Presented by @cmegroup
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