Exports of computer-related services rose too. “You sell the machine, but you also sell the engineers” who can set it up, one expert says.
The U.S. economy has been growing at a steady clip while many others are faltering.
Gross domestic product has been the standard measure for economic growth since 1944, but it doesn’t measure the quality of life.
There is a longstanding debate about whether the data is accurate. Some are skeptical of government officials’ projections of 5% growth.
Rising interest rates plus a strong dollar equals stiff economic headwinds.
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.