The US economy shrank slightly faster in the first quarter
Summary by Ground News
US gross domestic product decreased at an annualized rate of 1.5%, adjusted for seasonal swings. The update was driven by revisions to private inventory and residential investments, even as consumer spending was revised higher. No matter the update, the first quarter was a sharp slowdown from the 6.9% growth rate recorded in the fourth quarter of 2021.1 month ago·El Paso, United States
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