A pedestrian carries shopping bags in the SoHo neighborhood of New York, on March 22.
Mandatory Credit:	Angus Mordant/Bloomberg/Getty Images

A pedestrian carries shopping bags in the SoHo neighborhood of New York, on March 22.
Mandatory Credit: Angus Mordant/Bloomberg/Getty Images

Stories this photo appears in:

Tease photo

US economic growth expanded much faster in the first quarter than previously estimated

The US economy expanded at a much faster pace in the first three months of the year than previously estimated, the Commerce Department reported on Thursday.