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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Posted inCommerce Department Consumer Behavior Federal Reserve System Gross Domestic Product Interest Rates Prices (Fares, Fees and Rates) United States United States Economy

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.
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Posted by By Ben Casselman
U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown
Posted inCommerce Department Consumer Behavior Federal Reserve System Gross Domestic Product Interest Rates Prices (Fares, Fees and Rates) United States United States Economy

U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown

Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.
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Posted by By Ben Casselman
U.K. Economy Shrank as 2023 Ended, Tipping Into Recession
Posted inBank of England Economic Conditions and Trends Great Britain Gross Domestic Product Inflation (Economics) Interest Rates Labor and Jobs Recession and Depression

U.K. Economy Shrank as 2023 Ended, Tipping Into Recession

Growth contracted 0.3 percent from October to December, the latest sign of a lackluster economy slowed by weak retail sales.
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Posted by By Eshe Nelson
U.S. Economy Grew at 3.3% Rate in Latest Quarter
Posted inCommerce Department Consumer Behavior Credit and Debt Federal Reserve System Gross Domestic Product Income Inflation (Economics) Prices (Fares, Fees and Rates) Recession and Depression Stocks and Bonds United States Economy

U.S. Economy Grew at 3.3% Rate in Latest Quarter

The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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Posted by By Ben Casselman

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