The Department of Commerce released revised data for year-over-year gross domestic product Thursday, and growth is looking even more meh than economists and analysts predicted. The updated first-quarter number came in at 1.3%, down slightly from the initial estimate released last month.
But we aren’t feeling the slack only in the U.S. Some economies abroad may also be a bit subdued. That may be in part because when you look at global GDP, the U.S. accounts for nearly a quarter of it, by some estimates.
When GDP is up and the U.S. economy is strong, Americans buy lots of stuff from all over the world. Goods like “a Portuguese wine or a Swiss chocolate,” said Tatevik Sekhposyan of Texas A&M University. But when our economy isn’t doing too well, our major trading partners feel the pain.
“I used to work in Canada, so there they would say,…
