US GDP growth slowed in the first quarter of 2024
May 30, 2024
US real GDP grew at an annual rate of 1.3% in the first quarter of 2024, according to the second estimate of the Bureau of Economic Analysis, compared with 3.4% growth in the fourth quarter of 2023. The current estimate uses more detailed data than last month’s preliminary estimate, which projected growth of 1.6%. The new estimate reflects a downward revision to consumer spending.
