Growth Too Fragile to Gamble with Austerity
U.S. economic growth rebounded to 2.5% in the first quarter of 2013, according to data released by the Bureau of Economic Analysis this morning.
The nation’s gross domestic product, or GDP — the sum total of goods and services produced by workers and capital in the United States — showed some acceleration over the 0.4% rate in the last quarter of 2012. One percentage point of this growth, or 40% of the first-quarter expansion, however, resulted from the rebuilding of inventories depleted over previous quarters.
Read more here.
This article was originally published in MarketWatch.
To speak with our experts on this topic, please contact:
Print: Liz Bartolomeo (poverty, health care)
202.481.8151 or email@example.com
Print: Tom Caiazza (foreign policy, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or firstname.lastname@example.org
Print: Allison Preiss (economy, education)
202.478.6331 or email@example.com
Print: Tanya Arditi (immigration, Progress 2050, race issues, demographics, criminal justice, Legal Progress)
202.741.6258 or firstname.lastname@example.org
Print: Chelsea Kiene (women's issues, TalkPoverty.org, faith)
202.478.5328 or email@example.com
Print: Benton Strong (Center for American Progress Action Fund)
202.481.8142 or firstname.lastname@example.org
Spanish-language and ethnic media: Jennifer Molina
202.796.9706 or email@example.com
TV: Rachel Rosen
202.483.2675 or firstname.lastname@example.org
Radio: Sally Tucker
202.481.8103 or email@example.com