US economy grew 2.1% in Q1, beating expectations of 1.6%
By
Eric Revell
Summary
The U.S. economy grew at an annualized rate of 2.1% in the first quarter, according to the Commerce Department's final GDP estimate. This figure exceeded economists' expectations of 1.6% growth, driven by equipment investment in AI and computers along with consumer spending.
Source
bskyUS economy grew 2.1% in Q1, beating expectations of 1.6%foxbusiness.comKey quotes
· 3 pulledThe U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department's estimate.
The Bureau of Economic Analysis (BEA) on Thursday released its final reading of first-quarter GDP, which showed the economy grew at an annualized rate of 2.1% in the three-month period including January, February and March.
That figure was higher than the expectations of economists polled by LSEG, who had estimated 1.6% GDP growth in the first quarter.
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