US Economy Grows at Slower Pace in Q1 2024: GDP Revised Down to 1.3%
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#2bef6d19 ver:0.62

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 services spending increased. Inflation remained high, but the labor market remained resilient. The slowdown is not expected to persist into Q2, but the outlook is uncertain. President Biden faces challenges on the economic front. The global economy is also showing signs of contraction. Consumers are recalibrating spending habits, and the Federal Reserve's efforts to cool the economy are having an impact. Despite challenges, the labor market provides a buffer against economic slowdowns. #USEconomy #GDP #Inflation #LaborMarket...

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

 https://here.news/story/2bef6d19?ver=0.62