Forex News

US GDP increased faster than expectations in the first quarter

According to a report released by the Ministry of Commerce on Friday, US economic growth continued to weaken in the first quarter of 2018, although growth rates during the quarter are still higher than economists' estimates. The Department of Commerce reported that the real gross domestic product increased by 2.3 percent in the first quarter compared to a 2.9 percent jump in the fourth quarter. Economists had expected that GDP would increase by about 2.0 percent.