U.S. growth revised up slightly

The U.S. economy grew slightly faster than expected in the first quarter of 2011.


Gross domestic product (GDP) of the United States in the first quarter of 2011 was revised upwards to 1.9% yoy, against 1.8% previously estimated, according to data reported Friday by the U.S. Department of Commerce . The small upward revision mainly reflects the increase in exports

In the fourth quarter of 2010, GDP growth was 3.1%.

Economic growth in the United States is not yet sufficient to reduce unemployment which stood at 9.1 percent last month. According to economists, the economy would need to grow 5 percent for an entire year to reduce unemployment significantly.