US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation and Stagflation Concerns
===============	
#d85b6eb2 ver:0.82

The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations. Rising inflation and stagflation concerns are contributing factors. Despite the slowdown, consumer spending remains strong, particularly in the services sector. Businesses are optimistic and increasing investments in AI. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The US economy is still outperforming other developed nations. Biden's approval ratings may decline further due to the combination of lower growth and higher inflation. #USEconomy #GDP #Inflation #ConsumerSpending #AI #HousingMarket #BidenEconomy...

#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario #Stagflation 

 https://here.news/story/d85b6eb2?ver=0.82