US Economic Growth Revised Upwards to 1.4% for Q1 2024, Consumer Spending Decelerates
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#fdaae6e6 ver:0.43

US economy grew at a slower pace in Q1 2024, with 1.4% increase in GDP. Consumer spending decelerated, but core retail sales remain strong. Immigration helps limit inflation. Despite challenges, National Retail Federation forecasts 2.5-3.5% retail sales growth in 2024. US retail indicators positive, but global challenges exist. US manufacturing economy shows momentum and optimism. Concerns about interest rates and election uncertainty. No imminent recession predicted. Overall, US retail and manufacturing sectors remain resilient amidst economic uncertainties. #USeconomy #GDP #consumer spending #retailsales #immigration #manufacturing...

#newstr #UsEconomy #EconomicGrowth #ConsumerSpending #Inflation #FederalReserve #RetailSales #Immigration #ManufacturingEconomy 

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