US Economy Grows Slower Than Expected in Q1 2024, With GDP Revised Down to 1.3%
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#2bef6d19 ver:0.56

The US economy grew slower than expected in Q1 2024, with GDP revised down to 1.3%. Consumer spending and exports were lower than previously estimated, while business investment and residential investment contributed positively to growth. Despite the slowdown, the labor market remains strong. The Federal Reserve may delay interest rate cuts to address inflation. The global economy is also showing signs of contraction. Consumers are recalibrating their spending habits, and the release of April data will provide further insight. The downward revision in GDP figures reflects higher borrowing costs and inflationary pressures. President Biden faces challenges in job creation and GDP growth. #USeconomy #GDP #inflation #jobmarket...

#newstr #UsEconomy #Gdp #ConsumerSpending #ServicesSpending #BusinessInvestment #JoblessClaims #UnemploymentRate #JobVacancies 

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