Svmuu News: The latest data released by the U.S. government on Thursday showed that the U.S. economy grew at a faster pace in the first quarter of this year than the previously estimated 1.6%. According to data from the U.S. Department of Commerce, real GDP grew at an annualized quarterly rate of 2.1% in the first quarter, after adjusting for seasonal and inflation factors. The Department of Commerce stated that this was primarily due to a downward revision in the growth rate of imports during the first quarter. The growth rate of consumer spending was also revised downward. The final figure for real personal consumption expenditures in the first quarter was 0.5% on a quarterly basis, marking the slowest growth rate in four years. (Jin Shi)