The U.S. economy didn’t perform all that badly in the first three months of 2017, growing twice as fast as the government originally reported.
Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show.
That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.
The upshot: The economy saw little change amid a switchover from the Obama administration to the Trump White House. The U.S. grew 2.1% at the end of 2016.
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