US economy slows and inflation jumps, damping soft-landing hopes

The Gazette

Summary

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The U.S. economy expanded at its slowest pace since the second quarter of 2022 to begin this year, reflecting a significant slowdown from 2023’s surprise rapid recovery but still exhibiting few signs of a recession.
Forbes UK
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The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
Japan Today
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A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point.
Voice Of America
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The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level that closed 2023.
CNBC

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issue 88:88 ▪

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