GDP grew by less than 1.25% as of June 2016.
GDP (Real gross domestic product ) -- the value of the goods and services produced by the nation's economyless the value of the goods and services used up in production, adjusted for price changes -- increased atan annual rate of 1.1 percent in the first quarter of 2016, according to the "third" estimate released bythe Bureau of Economic Analysis. In the fourth quarter of 2015, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the"second" estimate issued last month. In the second estimate, the increase in real GDP was 0.8 percent.With the third estimate for the first quarter, the general picture of economic growth remains the same;exports increased more than previously estimate