US Industrial Production Stagnates as Factory Output Declines on Nostr: US Q1 GDP Growth Revised Down to 1.3% Amid Slower Economic Expansion =============== ...
US Q1 GDP Growth Revised Down to 1.3% Amid Slower Economic Expansion
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#2bef6d19 ver:0.71
US Q1 GDP growth revised down to 1.3% due to slower consumer spending and deceleration in consumption, government spending, and exports. Inflation remains a concern with consumer prices rising at a 3.3% annual pace. Despite this, the labor market remains strong. Projections for Q2 GDP growth have also declined to 1.8% amid disappointing manufacturing and spending, and persistently high inflation. The economy may be entering a period of stagflation. #US #economy #GDP #inflation #stagflation...
#newstr #UsGdp #EconomicGrowth #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #FederalReserve #UsTradeDeficit #AtlantaFedGdpnowForecast
https://here.news/story/2bef6d19?ver=0.71
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#2bef6d19 ver:0.71
US Q1 GDP growth revised down to 1.3% due to slower consumer spending and deceleration in consumption, government spending, and exports. Inflation remains a concern with consumer prices rising at a 3.3% annual pace. Despite this, the labor market remains strong. Projections for Q2 GDP growth have also declined to 1.8% amid disappointing manufacturing and spending, and persistently high inflation. The economy may be entering a period of stagflation. #US #economy #GDP #inflation #stagflation...
#newstr #UsGdp #EconomicGrowth #ConsumerSpending #Inflation #JoblessClaims #JoeBiden #FederalReserve #UsTradeDeficit #AtlantaFedGdpnowForecast
https://here.news/story/2bef6d19?ver=0.71