The U.S. economy likely maintained a moderate pace of growth in the first quarte...
WASHINGTON - The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.
With global growth still sluggish, the surge in exports is likely to reverse and the inventory build will probably need to be worked off, which could curtail production at factories. That could restrain growth in the second quarter. The economy stumbled at the turn of the year, with a batch of weak economic reports suggesting first-quarter GDP growth as low as a 0.2 percent rate. The soft data stream stoked fears of a recession that were also exacerbated by a brief inversion of the U.S. Treasury yield curve.
A surge in exports and weak imports are expected to have sharply narrowed the trade deficit in the first quarter. Trade is believed to have added more than one percentage point to GDP after being neutral in the fourth quarter.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2 firms first to export LatAm medicinal marijuana to EuropeMONTEVIDEO, Uruguay (AP) — Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced...
Read more »
South Korea's economy seen losing steam in first-quarter on weak exports: Reuters pollSouth Korea's first quarter economic growth likely slowed to the weakest pa...
Read more »
Weak first quarter seen for U.S. refiners, but brighter summer expectedU.S. independent refiners are expected to roll out lower than expected first-qua...
Read more »
China's economic powerhouse Guangdong posts steady first-quarter growth: mediaGuangdong, China's top province by economic output, maintained a growth rat...
Read more »
Oil near 2019 highs as U.S. seeks to slash Iran exports, but global supply seen ampleOil prices were near 2019 highs on Tuesday after Washington announced all Iran s...
Read more »
Huawei first-quarter revenue grows 39 percent to $27 billion amid heightened U.S. pressureHuawei Technologies said on Monday its first-quarter revenue jumped 39 percent t...
Read more »
Bumblebee movie boost transforms Hasbro first quarterToymaker Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-o...
Read more »
Texas exports, boosted by oil, rise 3 times faster than the US increase, outshining CaliforniaTexas represented nearly 20% of all U.S. exports in the January-February period while California dipped to 11%.
Read more »
Friday's report of first quarter growth should show economy is strong and no recession in sightFirst quarter GDP likely is expected to have grown at a healthy 2.5% pace, a far cry from the early estimates of near zero growth.
Read more »
Nokia reports surprise first quarter loss, sees pressure in second halfFinnish telecom network equipment maker Nokia reported a surprise quarterly loss...
Read more »
US Amazon Prime growth is on a two-quarter reboundPrime membership in the US hit 103 million as of March 31, 2019, according to estimates from Consumer Intelligence Research Partners (CIRP).
Read more »