US economy grows by 3.2% in the first quarter

Exports rose 3.7% in the first quarter, while imports decreased by 3.7%

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years.

First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%.

http://www.cnbc.com

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