GDP revised up to 1.3% growth rate in first quarter

By Zach Halaschak

Published May 25, 2023 12:31pm ET

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GDP revised up to 1.3% growth rate in first quarter — FILE - In this Thursday, Oct. 10, 2013, file photo, employees at Sheffield Platers Inc. work on the factory floor in San Diego. The Labor Department releases third-quarter productivity data, on Thursday, Nov. 14, 2013. (AP Photo/Lenny Ignelzi, File) | Lenny Ignelzi

The Bureau of Economic Analysis revised up its estimate on Wednesday for first-quarter GDP growth to a 1.3% annual rate from an estimated 1.1%.

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Federal Reserve GDP Recession