By Ovunc Kutlu
ISTANBUL (AA) – US economic growth in the first quarter of 2023 was revised up to 2%, according to the Commerce Department's third and final reading released on Thursday.
The market expectation for the figure was to come in at 1.4%, while the second reading announced last month was 1.3% and the first reading released in April was 1.1%.
The US economy expanded 2.6% in the final quarter of 2022.
"Current‑dollar GDP increased 6.1 percent at an annual rate, or $391.8 billion, in the first quarter to a level of $26.53 trillion, an upward revision of $43.5 billion from the previous estimate," the Commerce Department said in a statement.