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U.S. Treasury Secretary Becerra: GDP data is expected to be revised.
On May 1, U.S. Treasury Secretary Becerra stated that the decline in GDP may be due to the backlog of imported goods, and GDP data is expected to be revised. ( Jin10 ) BlockBeats previously reported that the initial annualized quarterly rate of real GDP in the U.S. for the first quarter recorded -0.3%, expected 0.3%, previous value 2.40%. The negative growth in GDP marks a new low since the second quarter of 2022.