US economy FAILS to beat forecast: Trade war pushes GDP lower than estimated

Gross domestic product (GDP) increased at a 3.1 percent annual rate, the government said in its second reading of first-quarter data. This was slightly down from the 3.2 percent pace forecast by the Bureau of Economic Analysis last month. However, the figure did beat an estimate from Dow Jones, who thought the economy would grow 3.0 percent. […]

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