U.S. revises first quarter GDP growth: up 1.2 percent, not 0.7 percent

The U.S. economy began 2017 with a whimper — though not quite as weak a whimper as the government had first estimated. The gross domestic product — the broadest gauge of the economy — expanded in the January-March quarter at a 1.2 percent annual rate, the government said Friday. That was better…
Source: Morningcall