US Economy Slows Amid Election Year: GDP Growth and Spending Decline
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#2bef6d19 ver:0.59

The US economy slows in Q1 2024 with GDP growth at 1.3%, down from 1.6%. Consumer spending declines, particularly in goods, while services spending increases. Inflation remains high. Despite the slowdown, the job market remains strong. Uncertainty looms as the Federal Reserve may delay interest rate cuts. President Biden faces challenges on the economic front. The global economy also shows signs of contraction. Consumers recalibrate spending habits. The downward revision in GDP figures highlights a pullback in consumer spending. The US economy faces challenges and is not performing as strongly as anticipated. #USEconomy #GDP #ConsumerSpending #Inflation #JobMarket #FederalReserve #PresidentBiden #GlobalEconomy...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #ElectionYear 

 https://here.news/story/2bef6d19?ver=0.59