Economy
June 28, 2019
BEA: U.S. GDP Grew by a Strong 3.1 Percent in Q1
Written by Peter Wright
The third estimate of U.S. GDP growth in Q1 2019 was 3.1 percent, but the mix of components gives cause for concern. This SMU report is very similar to the one we published for the first estimate on April 27. The first estimate for Q2 2019 will be published on July 26.
After the worst economic downturn since the Great Depression, the current U.S. expansion will become the longest on record in July. The post-financial-crisis expansion began in June of 2009 and is now 120 months long.
