Get Aleteia delivered to your inbox. Subscribe here
Start your mornings with the good, the beautiful, the true... Subscribe to Aleteia's free newsletter!
Sign me up!

Not Prepared to Donate?

Here are 5 ways you can still help Aleteia:

  1. Pray for our team and the success of our mission
  2. Talk about Aleteia in your parish
  3. Share Aleteia content with friends and family
  4. Turn off your ad blockers when you visit
  5. Subscribe to our free newsletter and read us daily
Thank you!
Team Aleteia

Subscribe

Aleteia

US Economy Grew 2.4% in 1st Quarter

DR
Share

That’s up from 0.4% growth in the 4th quarter of lastyear

The US economy grew 2.4% in the 1st quarter of this year. Though below expectations of at least 3%, the rate was much higher than the 0.4% increase in the 4th quarter of last year. The LA Times reports:
U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.
The Commerce Department said Friday that the overall economy expanded at an annual rate of 2.5 percent in the first quarter, rebounding from the anemic 0.4 percent growth rate in the October-December quarter. Much of the gain reflected a jump in consumer spending, which rose at an annual rate of 3.2 percent. That’s the best since the end of 2010. Businesses responded to the greater demand by rebuilding their stockpiles. And home construction rose further. 
But government spending fell at a 4.1 percent rate, led by another deep cut in federal defense spending. That kept growth below economists’ expectations of a rate exceeding 3 percent.

 

Newsletter
Get Aleteia delivered to your inbox. Subscribe here.
Aleteia offers you this space to comment on articles. This space should always reflect Aleteia values.
[See Comment Policy]