The world's largest economy is in good shape

US gross domestic product increased with a higher-than-expected pace in the first quarter – according to the report of the Bureau of Economic Analysis (BEA) the Statistical Office of the Ministry of Commerce.

According to the report that was published on Tuesday, the gross domestic product (GDP) of the United States increased by 1.1 percent in this year's first quarter.

In last year's fourth quarter the annual GDP growth was 1.4 percent. (MTI)