By JOHN C. STEELEAP and CHRISTIAN BOGANSource Associated PressMay 04, 2019 12:05:02In the first full week of May, U.S. gross domestic product expanded by an annual rate of 1.4 percent, the fastest pace since the recession of 2009-10, the Commerce Department reported Friday.
U.S., British and Canadian GDPs grew at a combined annual rate last month of 1 percent.
The pace of growth has not been this fast since the Great Recession, and the pace is expected to pick up in coming months.
Economists expect that U.K. GDP growth to slow in the second quarter and Canada’s to grow by 2.1 percent.
But the United States is set to grow at a 1.8 percent annual rate, more than double the pace of the past two quarters, according to the Commerce report.U