Economy: Quarter Activity and u.s

economy: Reports of the demise of the U.S. economy proved unfounded as first quarter activity showed surprising strength, according to MSNBC. The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. Those concerns are a lot quieter this morning. The gain was well above forecasts. The full report from the Commerce Department is online here. Economists polled by Market Watch had forecast a 2.3% increase in gross domestic product . One unexpected factor behind the acceleration in GDP growth in the first quarter was a sharp upturn in state and local government spending. (news.financializer.com). As reported in the news.