US Economic Growth Revised Up to 1.4% in Q1, Driven by Consumer Spending and Business Investment
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#fdaae6e6 ver:0.3

Despite challenges like smaller job and wage gains, the US economy is still growing, with consumer spending driving economic growth. The availability of more workers, including immigrants, helps limit wage-driven inflation. However, recent data suggests a potential slowdown in consumer spending, with monthly growth falling in April. Retail sales have weakened, and brands like McDonald’s and 3M report customers closing their wallets. Despite these challenges, the National Retail Federation forecasts retail sales to grow between 2.5% and 3.5% in 2024. The US manufacturing economy also shows signs of momentum and optimism, supported by infrastructure spending trends. However, caution remains about growth projections and the timing of interest rate cuts. Overall, the US retail and manufacturing sectors remain resilient amidst global economic uncertainties. #US #economy #consumer #spending #inflation #immigration #retail #manufacturing...

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

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