US Economy Grows at Slower Pace in Q1 2024: GDP Revised Down to 1.3%
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#2bef6d19 ver:0.61

The US economy grew at a slower pace in Q1 2024, with GDP revised down to 1.3%. Consumer spending and exports were lower than expected, while business investment and residential investment contributed positively. Inflation remained high, but the labor market remained resilient. The outlook for the US economy is uncertain, and the Federal Reserve may delay interest rate cuts. President Biden faces challenges on the economic front. The global economy is also showing signs of contraction. Consumers are recalibrating spending habits, and the downward revision in GDP figures reflects higher borrowing costs and inflationary pressures. Despite challenges, the labor market provides a buffer against economic slowdowns. #US #economy #GDP #inflation #FederalReserve #jobs...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #Inflation #InterestRates 

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