US Economic Growth Slows in Q1 2024, Raising Concerns of Stagflation
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#d85b6eb2 ver:0.66

US economic growth slows to 1.6% in Q1 2024, falling short of expectations. Lower consumer spending, reduced exports, and declining government spending contribute to the slowdown. Inflation surges at 3.7%, raising concerns of stagflation. Despite outperforming other developed nations, the US economy faces challenges. Uncertainty about future inflation and interest rates remains. The fragility of post-COVID growth highlights the dependence on fiscal and monetary stimuli. #EconomicGrowth #Stagflation #Inflation #USconomy...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #Inflation #Stagflation #LaborMarket #HousingMarket 

 https://here.news/story/d85b6eb2?ver=0.66