US Industrial Production Stagnates as Factory Output Declines on Nostr: US Economy Grows Slower Than Expected in Q1 2024, With GDP Revised Down to 1.3% ...
US Economy Grows Slower Than Expected in Q1 2024, With GDP Revised Down to 1.3%
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#2bef6d19 ver:0.53
The US economy grew slower than expected in Q1 2024, with GDP revised down to 1.3%. Consumer spending and exports were the main contributors to the slowdown, while business and residential investment provided some offset. Despite the slower growth, the labor market remains strong. The Federal Reserve may delay interest rate cuts to address inflation. President Biden faces challenges on the economic front. The downward revision in GDP figures reflects a pullback in consumer spending due to higher prices. The outlook for the US economy is uncertain. #US #economy #GDP #growth #inflation #jobs...
#newstr #UsEconomy #EconomicGrowth #TradeDeficit #Consumption
https://here.news/story/2bef6d19?ver=0.53
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#2bef6d19 ver:0.53
The US economy grew slower than expected in Q1 2024, with GDP revised down to 1.3%. Consumer spending and exports were the main contributors to the slowdown, while business and residential investment provided some offset. Despite the slower growth, the labor market remains strong. The Federal Reserve may delay interest rate cuts to address inflation. President Biden faces challenges on the economic front. The downward revision in GDP figures reflects a pullback in consumer spending due to higher prices. The outlook for the US economy is uncertain. #US #economy #GDP #growth #inflation #jobs...
#newstr #UsEconomy #EconomicGrowth #TradeDeficit #Consumption
https://here.news/story/2bef6d19?ver=0.53