US Economy Grows at Slower Rate of 1.6% in Q1 2024, Weaker Than Expected
===============
#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