Washington (AFP) - The US economy grew much faster than originally reported in the first quarter due to sharp increases in business and consumer spending, the Commerce Department reported Friday.
The revised data show GDP growth in President Donald Trump's first quarter was 1.2 percent, half a percentage point higher than the first report, which showed the US economy expanded at its slowest pace in three years.
While putting a far rosier finish on the January-March period, the result may cast doubt on the Trump administration's pledge to boost annual US growth to three percent .... https://www.yahoo.com
