US Q1 GDP Growth Revised Up to 2.1% from 0.5%
The U.S. economy expanded at a 2.1% annualized rate in Q1 2023, according to the final estimate from the Bureau of Economic Analysis, a sharp increase from the previous quarter's 0.5% growth.
The Bureau of Economic Analysis released the final reading of Q1 2023 U.S. GDP growth, confirming the economy grew at an annualized rate of 2.1%. This marks a significant acceleration from the prior quarter's 0.5% expansion.
The data suggests the economy maintained resilience despite tighter monetary policy. The revision was based on updated source data for the January–March period.
Source: FXStreet Forex News