U.S. Department of Commerce announced the U.S. Q1 Real GDP Annualized Quarter-on-Quarter Preliminary Rate on 2023-04-27. The reported figure stands at -0.3%, against a forecast of 0.3%, with the prior figure recorded as 2.40%.
Regarding the U.S. Q1 Real GDP Annualized Quarter-on-Quarter Preliminary Rate, Actual value > Forecast value = Positive for the US dollar, GDP is the abbreviation for the English term gross domestic product, which refers to the total value of all final products produced and services provided in a country's or region's economy within a certain period (a quarter or a year). A significant increase in a country's GDP reflects robust economic development, rising national income, and enhanced consumption capacity. In this case, the country's central bank may raise interest rates and tighten the money supply. A strong economic performance and rising interest rates will increase the attractiveness of the country's currency.
This data holds an importance level of , calculated using The change in the total economic value over a certain period of time, and updates Every season.
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