First-quarter surge in US revised upward yet again

The boom in America's economic growth during the first three months of 1981 -- the biggest quarterly increase since the economy grew 9 percent in the second quarter of 1978 -- was even bigger than first thought. The gross national product (the measure of the nation's total output of goods and services) grew 8. 6 percent after adjustment for inflation during the first quarter, the Commerce Department reported. This was the second time the GNP figure has been raised in the course of normal revisions, made as more information becomes available.

Economists expect much slower growth during the April-June quarter when the figures become available.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK