Published 10 days ago

Stocks plummet on report U.S. GDP growth slowed to 1.6% in first quarter

The BEA attributed the deceleration in real GDP in the first quarter to slowing consumer spending, exports, and government spending.
Consumer spending increased by 2.5% in the first quarter, down from 3.3% in the previous quarter.
The US GDP growth rate for the first quarter was 1.6%, lower than the predicted 2.4% due to declining consumer spending and exports.

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Hindustan Times

US economic growth in first quarter falls short of expectations at 1.6%; inflation may heat up

The US economy expanded less than projected in the first three months of 2024 as exports and consumer spending declined, according to the Commerce Department.

10 days ago·New Delhi, India

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OAN

US economic growth slows in first quarter; inflation surges

he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.

10 days ago·San Diego, United States

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UPI

Stocks plummet on report U.S. GDP growth slowed to 1.6% in first quarter

U.S. gross domestic product slowed to a lower than expected 1.6% in the first quarter, according to a Thursday Bureau of Economic Analysis report. In the fourth quarter 2023 It was 3.4%.

10 days ago·Washington, United States

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Deutsche Welle

US economic growth slows to 1.6% in first quarter

The US growth rate was substantially lower than the 2.4% widely predicted by analysts. The fall in the growth rate comes alongside declining consumer spending and exports.

10 days ago·Germany

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The Korea Times

US economic growth slows more than expected in first quarter

U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

10 days ago·Korea, Republic of

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