U.S. GDP Growth Slows Down to 1.6% Amid Unyielding Inflation
The U.S. GDP growth has notably slowed to 1.6% for the first quarter of 2024, influenced heavily by stiff inflationary pressures and a trade imbalance. Key factors contributing to this slowdown include a persistent inflation rate of 3.4%, adverse trade dynamics, and cautious consumer behaviors. Despite the economic challenges, consumer spending has remained robust at […]
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