U.S. Growth Revised Lower
(Wall Street Journal) — The U.S. government revised down for the second time its estimate of economic growth in the first three months of 2010 on the back of lower consumer spending, underscoring caution about the recovery’s strength. Gross domestic product rose at a 2.7% annual rate January through March, the Commerce Department reported Friday in its third GDP estimate for the first quarter. That was down from an original estimate of 3.2% in April.
SEE ALSO
- Why Actress Amber Iman Calls ‘Goddess’ A Love Letter To Black Women In Theater [Exclusive]
- Why Women Get The ‘Ick’ More Than Men — It Might Just Prolong Their Lives
- Love Or Liability? How Romantic Relationships Really Impact Your Wallet
- Diddy’s Defense Admits Violence But Denies Sex Trafficking In Opening Statements
- Simone Biles Accepts The 2025 TIME100 Impact Award For Mental Health Advocacy