US economy slowed in first quarter after Trump's $1.5tn tax cuts
by Dominic Rushe in New York from on (#3NTYA)
GDP rose from January through March at a lower level than the third and fourth quarters, despite Trump's promises cuts would boost it
US economic growth slowed moderately in the first quarter, the first preliminary assessment of the health of the economy since Donald Trump signed huge tax cuts into law last year.
Gross domestic product (GDP) - a broad measure of goods and services produced in the US - rose at an annual rate of 2.3% from January through March, the commerce department said on Friday.
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