Weak first-quarter gross domestic product growth fails to accurately portray current U.S. economic health, economists told CNBC on Thursday.
The economy grew at an annualized rate of 0.2 percent in the first quarter, the Bureau of Economic Analysis said last month in its first estimate. However, the agency on Wednesday acknowledged "issues" with its calculations, pledging fixes moving forward.
That comes after CNBC reported last month that first-quarter GDP has been weaker than the other three quarters for the last 30 years. Taking those factors into consideration, investors should "ignore the noise" surrounding GDP, said Jeffrey Cleveland, chief economist at Payden & Rygel.