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U.S. First-Quarter Real GDP Growth Revised Down to 1.6%

The annualized reading came in below the 2.00% forecast and the prior 2.00%, indicating slower economic growth than previously estimated.

Summary

U.S. first-quarter real gross domestic product growth was revised to an annualized 1.6%, down from the prior 2.00% and below the 2.00% forecast. The weaker reading points to slower economic expansion in the quarter. Gross domestic product is a broad measure of economic output and is closely watched across financial markets, including crypto, because it can shape expectations for interest rates, liquidity, and overall investor risk appetite.

Terms & Concepts
  • Real GDP: Real gross domestic product measures the inflation-adjusted value of goods and services produced in an economy.
  • Annualized growth: A way of expressing quarterly growth as if the same pace continued for a full year.