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U.S. Growth Slips to 1.1% in Q1, Though Details Show a Strong Gain in Consumer Spending 

Real GDP expanded by 1.1% quarter-on-quarter (q/q, annualized) in the first quarter of 2023 – a marked deceleration from last quarter’s 2.6% – and well below the consensus forecast of 1.9%. Consumer spending grew by a robust 3.7% – a meaningful acceleration from Q4’s gain of 1.0%. Spending on goods rose 6.5%, largely the result […] The post U.S. Growth Slips to 1.1% in Q1, Though Details Show a Strong Gain in Consumer Spending appeared first on Action Forex... Read More
Posted: Apr 27 2023, 13:52
Author Name: actionforex
Views: 102824

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