US economic growth eases in line with expectations
The Commerce Department in Washington announced today that the US Gross Domestic Product fell to 1.9% from January through March in line with economists’ forecast, down from a 2.2% previously.
The US Personal Consumption eased to 2.7% in the same period, down from a 2.9% prior estimate.
The possibility of a slump in Europe has fueled investors’ concerns about the speed of US recovery, and more jobs creation may be needed to sustain the economic growth.
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