{"id":16226,"date":"2019-04-28T07:43:55","date_gmt":"2019-04-28T12:43:55","guid":{"rendered":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/?p=16226"},"modified":"2019-11-20T11:25:54","modified_gmt":"2019-11-20T17:25:54","slug":"economy-grows-3-2-percent-during-first-quarter-outpacing-expectations","status":"publish","type":"post","link":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/economy-grows-3-2-percent-during-first-quarter-outpacing-expectations\/","title":{"rendered":"Economy Grows 3.2 Percent During First Quarter Outpacing Expectations."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16227\" src=\"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-content\/uploads\/2019\/04\/stock-market-300x175.jpg\" alt=\"\" width=\"560\" height=\"315\" \/><\/p>\n<p><strong>By Mairead McArdle<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"18\"><strong>The economy grew 3.2 percent during the first quarter of this year, beating analysts\u2019 and investors\u2019 expectations,\u00a0according to data released Friday by the\u00a0Bureau of Economic Analysis (BEA).<\/strong><\/p>\n<p data-reactid=\"18\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"19\"><strong>Economists had expected a first-quarter showing of 2.5 percent GDP growth, only slightly higher than the 2.2 percent growth in the last quarter of 2018.\u00a0Instead, GDP grew 3.2 percent, marking the economy\u2019s best first-quarter performance since 2015.<\/strong><\/p>\n<p data-reactid=\"19\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"20\"><strong>The BEA attributed the favorable growth rate to exports as well as\u00a0better state- and local-government spending. Disposable personal income increased by 3 percent in the first quarter, while prices rose 0.8 percent.<\/strong><\/p>\n<p data-reactid=\"20\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"20\"><strong>Imports sank by 3.7 percent and exports increased by the same amount. At the same time, some potential warning signs also appeared in the report, including a 50 percent drop in the business-investment rate despite 2017\u2019s tax cuts.<\/strong><\/p>\n<p data-reactid=\"20\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"21\"><strong>The growth rate also defied expectations that the economy would suffer more seriously from the record-breaking 35-day partial government shutdown earlier this year, as well as fears that global growth was sputtering.<\/strong><\/p>\n<p data-reactid=\"21\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"21\"><strong>President Trump\u2019s tariffs on China had particularly worried investors, with even the White House saying that American companies may see\u00a0their earnings projections take a hit because of them.<\/strong><\/p>\n<p data-reactid=\"21\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"22\"><strong>\u201cIt\u2019s not going to be just Apple,\u201d\u00a0top White House economist Kevin\u00a0Hassett said in January. \u201cI think that there are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded next year until we get a deal with China.\u201d<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mairead McArdle &nbsp; The economy grew 3.2 percent during the first quarter of this year, beating analysts\u2019 and investors\u2019 expectations,\u00a0according to data released Friday by the\u00a0Bureau of Economic Analysis (BEA). Economists had expected a first-quarter showing of 2.5 percent GDP growth, only slightly higher than the 2.2 percent growth in the last quarter of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1032,268],"tags":[1658],"class_list":["post-16226","post","type-post","status-publish","format-standard","hentry","category-president-trump","category-u-s-economy","tag-economy-grows-3-2-percent-during-first-quarter-outpacing-expectations"],"_links":{"self":[{"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/posts\/16226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/comments?post=16226"}],"version-history":[{"count":0,"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/posts\/16226\/revisions"}],"wp:attachment":[{"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/media?parent=16226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/categories?post=16226"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/thetruthplainansimple.info\/thebiblerevealed\/wp-json\/wp\/v2\/tags?post=16226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}