First quarter GDP unchanged at robust 6.4% annual rate

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WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government’s initial estimate.. The recovery from last year’s deep recession gained steam has been helped by vaccines to  combat the virus and trillions of dollars in government assistance. The rise in the gross domestic product, the economy’s total output of goods and services, reported Thursday was the same as the government’s first look one month ago. Upward revisions in spending by consumers, who account for two-thirds of economic activity, was offset by weaker growth in exports. Economist believe GDP growth could top 10% in the current April-June quarter. 

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