The Manila Times on Nostr: nostr:note1nstrn67nu7jnatvd3n6nhkfxujgsu9zqucxtler4n23x85xqca9q5c2g8h

quoting note1nst…2g8h

US Economic Growth Slows in Q1 2024, Raising Concerns of Stagflation
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#d85b6eb2 ver:0.67

US economic growth slows to 1.6% in Q1 2024, falling short of expectations. Factors include lower consumer spending, reduced exports, and declines in government spending. Inflation surges at 3.7%, raising concerns of stagflation. Despite this, the US economy still outperforms other developed nations. Labor market remains stable, but lower-income households rely more on debt. Housing market shows signs of peaking. Uncertainty about future trajectory of inflation and interest rates. US economy remains strong, but outlook is uncertain. #EconomicGrowth #Stagflation #Inflation #LaborMarket #HousingMarket...

#newstr #UsEconomy #GdpGrowth #ConsumerSpending #Inflation #LaborMarket #HousingMarket

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