U.S. Economic Growth Slows Much More Than Expected To 1.1% In Q1

Preliminary data released by the Commerce Department on Thursday showed U.S. economic growth slowed by much more than expected in the first three months of 2023. The report said real gross domestic product increased by 1.1 percent in the first quarter after jumping by 2.6 percent in the fourth quarter of 2022. Economists had expected the pace of GDP growth to slow to 2.0 percent.

from RTT - Top Story https://ift.tt/RnuMVkt
via IFTTT