This is a news story, published by Yahoo Finance, that relates primarily to The Commerce Department news.
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GDP growthAssociated Press News
•87% Informative
The Commerce Department had previously estimated that the nation’s gross domestic product expanded at a 1.6% rate.
The first quarter's GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023 .
Consumer spending rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters .
VR Score
95
Informative language
97
Neutral language
56
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formal
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English
Language complexity
43
Offensive language
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Attention-grabbing headline
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Time-value
short-lived
External references
5
Source diversity
1
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