The Business Times
business-time-50

Q1 GDP revised upwards after gains in exports, software investment

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jun 28, 2016 · 09:50 PM

    Washington

    US economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.

    Gross domestic product (GDP) increased at a 1.1 per cent annual rate, rather than the 0.8 per cent pace reported last month, the Commerce Department said on Tuesday in its third GDP estimate.

    TRENDING NOW

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Record Cat A COE: expiring EV perk, impending changes behind ‘re-run of 2025 mania’

    Koh Boon Hwee says humans have accepted that robots can take over the most repetitive, manual tasks, but are nervous about AI, which can also think.

    With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    A more promising response is Universal Basic Capital or UBC – giving everyone, not just the wealthy, a stake in the assets that are generating outsized returns, says the writer.

    The wealth gap is widening. The answer isn’t more handouts – it’s a stake

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More