US Q1 GDP Revised Higher to 2.1%, Consumer Spending Growth Slows Sharply
The U.S. first-quarter GDP was upwardly revised to a 2.1% annualized growth rate, up from the previously reported 1.6%. However, consumer spending nearly stalled with its pace slashed to just 0..5%, driven by downward revisions in services and financial sectors.
Topics: AI-related spending business investment consumer spending U.S. economy