US GDP Growth Revised Upwards to 1.4% for Q1 2024, Consumer Spending Slows
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#fdaae6e6 ver:0.39

US GDP growth for Q1 2024 revised upwards to 1.4%, driven by private consumption and public spending. However, consumer spending slows, impacting economic expansion. Despite challenges, the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. Immigration helps limit inflation, while US retail indicators show positive signs. Globally, the UK faces mortgage arrears, China's GDP growth slows, and retailers adapt with price cuts and AI. US manufacturing economy shows momentum, but caution remains about interest rates. Overall, the US retail and manufacturing sectors remain resilient amidst uncertainties. #USGDP #ConsumerSpending #RetailSales #Immigration #ManufacturingEconomy...

#newstr #UsGdp #EconomicGrowth #ConsumerSpending #Q12024 #RetailSales #Inflation #FederalReserve #Immigration #ManufacturingEconomy 

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