US Economy Growth Revision in Q1: Slower Pace Than Anticipated

Thursday, 30 May 2024, 13:12

The US economy's first-quarter GDP growth rate fell short of initial estimates, reflecting a slower pace compared to the previous quarter. The reading was notably below the revised fourth-quarter GDP figure of 3.4%, indicating a deceleration in economic expansion during the period.
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US Economy Growth Revision in Q1: Slower Pace Than Anticipated

US Economy Growth Revision: Q1 GDP Shows Slower Pace Than Expected

The US economy's first-quarter GDP growth rate fell short of initial estimates, reflecting a slower pace compared to the previous quarter. The reading was notably below the revised fourth-quarter GDP figure of 3.4%, indicating a deceleration in economic expansion during the period.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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