US Economy Grows at Slower Rate of 1.6% in Q1 2024, Weaker Than Expected
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#7e5717d6 ver:0.85

The US economy grew at a slower rate of 1.6% in Q1 2024, weaker than expected. Slower growth is attributed to decelerations in consumer spending, exports, and government spending. Despite the slowdown, the US economy remains resilient, supported by a strong labor market and consumer spending. However, rising inflation and high interest rates raise concerns. Wealthier consumers drive spending, while lower-income households show signs of strain. Businesses are cautious, investing less. If consumer spending weakens, the broader economy could be vulnerable. #USEconomy #GDP #Inflation #InterestRates...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #LaborMarket #InterestRates #FederalReserve 

 https://here.news/story/7e5717d6?ver=0.85