U.S. Economy – Looking Weaker With GDP Data’s Revision

As a result of downward revisions by government economists to consumer spending, exports and commercial real estate, gross domestic product, or GDP, increased by only 1.8 percent between January and March, significantly less than the 2.4 percent increase that had been previously reported for the same period by the Commerce Department. GDP is closely followed because it is viewed as the broadest measure of economic activity.

For more details on the article Click Here