Q1 GDP Second Estimate: Real GDP At 1.6%, Lower Than Expected
The second estimate for Q1 GDP shows a growth rate of 1.6%, which is lower than the anticipated 2.0%. This figure represents an improvement from the previous quarter's growth of 0.5%. The data reflects ongoing economic challenges despite some signs of recovery.
- ▪Real GDP increased at an annual rate of 1.6% in Q1.
- ▪The growth rate fell short of the 2.0% forecast.
- ▪This marks an acceleration from the 0.5% growth seen in Q4 of the previous year.
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