NEW YORK — The US economy grew at a rate of 2.3% in the first quarter, according to the Commerce Department’s preliminary report on Friday. That’s slower than the 2.9% growth rate in the fourth quarter of 2017.
Economists surveyed by FactSet had expected a 2% growth rate.
The pace of growth is solid, though less than the 4% President Donald Trump had promised during his presidential campaign.
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