US first quarter GDP growth revised down to 1.6% annual rate: Government
- Posted on May 28, 2026
- By Business News Today
- 0 Views
- 1 min read
US first quarter GDP growth revised down to 1.6% annual rate: Government
The US economy expanded less than initially estimated in the first three months of the year, government data showed Thursday, with investment and consumer spending revised lower. Gross domestic product in the world's biggest economy rose at an annual rate of 1.6 percent in the first quarter, the US Commerce Department said, down from 2.0 percent in an advance estimate released last month. bys/acb
