US Economy Shows Signs of Stabilization in Q2 2024 After Two Consecutive Quarters of Slower Growth
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#d85b6eb2 ver:0.87

The US economy experienced slower growth in Q1 2024, with GDP at 1.6%, falling short of expectations. Factors include increased imports and decreased inventory investment. However, consumer spending remains strong, particularly in services. Businesses are optimistic and investing in AI. The housing market may have peaked, and there is uncertainty about inflation and interest rates. Despite the slowdown, the US economy outperforms other developed nations. Productivity growth is sluggish, raising concerns about broader GDP growth. Biden's approval ratings may decline further due to inflation and slower growth. The economy is expected to stabilize in Q2 2024, with cautious optimism prevailing. #USEconomy #GDP #ConsumerSpending #Inflation #Productivity #Biden #Stabilization...

#newstr #UsEconomy #Gdp #Q22024 #EconomicGrowth #Stagflation #ConsumerSpending 

 https://here.news/story/d85b6eb2?ver=0.87