GDP Decelerates

The U.S. economy slowed in the first quarter, according to the Bureau of Economic Analysis’ revised estimate of GDP growth. GDP grew 1.8%, compared with 3.1% in fourth quarter 2010. Consumer spending was weaker in the first quarter than previously forecast, expanding 2.2%, down from the prior estimate of 2.7%. Estimates for growth in exports and imports were both revised upward, and the trade balance continued to deteriorate, although at a very slow pace. Earnings continued to grow in the first quarter, although at a slower rate than in the previous...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers