US economy posts strong gains in the first quarter

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The US economy grew at a rate much better than expected in the first quarter of 2019, the Commerce Department reports. AlisonKosik explains why:

New York The economy grew at a much better than expected rate in the first quarter, the Commerce Department reported Friday, accelerating out of a slow start to the year.

The Bureau of Economic Analysis reported that gross domestic product grew at a rate of 3.2%, substantially above the projected 2.1%, buoyed by strong state and local government spending, consumer spending, and business investment. .m-infographic--1556282360166 { background: url no-repeat 0 0 transparent; margin-bottom: 30px; padding-top: 176.8%; width: 100%; -moz-background-size: cover; -o-background-size: cover; -webkit-background-size: cover; background-size: cover; } @media { .

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