GDP slowed to a 1.8% annualized pace in the first quarter of 2011; this comes after the 4th quarter 3.1% rise in 2010. Analysts state that this quarters slowing largely due to an increase in imported good, a decline in consumer consumption, a decrease in FED. government spending and a slowing in nonresidential fixed investment and in exports that were partly offset by a sharp upturn in private inventory investment. Over all inflation increase 1.9% from last quarters 0.4% rise. However, 1.9% increase in inflation is better than the forecasted 2.2%.
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