US revises Q1 GDP growth upward to 2.1% from 1.6% after downward revision in imports
New Delhi, June 26 -- The United States economy grew at an annual rate of 2.1 per cent in the first quarter of 2026, higher than previously estimated, according to the third estimate released by the U.S. Bureau of Economic Analysis (BEA) under the Department of Commerce.
The latest estimate revised first-quarter real gross domestic product (GDP) growth upward by 0.5 percentage point from the second estimate.
US commerce department stated, "Real GDP was revised up 0.5 percentage point from the second estimate, primarily reflecting a downward revision to imports, which are a subtraction in the calculation of GDP, that was partly offset by a downward revision to consumer spending"
According to the BEA, the increase in real GDP during the ...
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