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U.S. Economic Outlook: Quarterly developments

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U.S. Economic Outlook: Quarterly developments

Autor institucional: NU. CEPAL. Oficina de Washington Physical Description: 37 páginas. Editorial: ECLAC Date: June 2016 ECLAC symbol: LC/WAS/L.142


U.S. economic growth disappointed in the first quarter of 2016, as global conditions continued to have an adverse impact. According to the U.S. Department of Commerce’s third estimate, the GDP grew at a 1.1% annualized pace in the first quarter, up from a previous estimate of 0.8%, and down from 1.4% in the fourth quarter of 2015. Growth was under 1.5% for the last two quarters, the worst six-month performance in nearly three years.