US Economic Growth Revised Up to 1.4% in Q1, Driven by Consumer Spending and Business Investment
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#fdaae6e6 ver:0.33

US economic growth in Q1 was driven by consumer spending and business investment, with the economy expanding at a 1.4% annual pace. Despite challenges like smaller job and wage gains, consumers remain willing to spend, supporting the underlying momentum. The role of immigration in slowing inflation has been highlighted, and the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. However, recent data suggests a potential slowdown in consumer spending, with retail sales weakening. The US retail sector remains resilient amidst global economic uncertainties. #Economy #ConsumerSpending #BusinessInvestment #Inflation #RetailSales...

#newstr #UsEconomy #EconomicGrowth #Gdp #ConsumerSpending #InterestRates #Imports #Inventories #RetailSales #Immigration #ManufacturingEconomy 

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