Similar Stories to Economic Report: The Economy’s Growth Slows To 2.1% In The Spring As Businesses Retrench, Gdp Shows on Bing News

The economy got a jolt of adrenaline in the spring from the biggest increase in household spending in a year and a half, but falling business investment kept a lid on second-quarter growth and signaled potential trouble ahead. GDP grew at a 2.1% annual pace vs. 3.1% in the first quarter.

Topics:  economy   growth   spring   gdp   
BING NEWS:
  • US services sector activity rebounds while private payrolls growth slows
    The U.S. services sector snapped back into growth mode in May after a short-lived contraction in the prior month, with a measure of business activity improving by the most in three years, according to ...
    06/5/2024 - 5:04 am | View Link
  • May Jobs Report Will Shed Light on How Much the Economy Has Slowed in 2024
    This Friday, the Labor Department will report on the number of jobs added in May, with economists forecasting a gain of 190,000. The unemployment rate is expected to remain unchanged at 3.9%.
    06/3/2024 - 2:14 am | View Link
  • Thursday was a sour day for the US economy — with an important silver lining
    which accounts for about 70% of the US economy. Spending advanced 2% in the January-through-March period, compared to the initial rate of 2.5%. The latest GDP report also showed that corporate ...
    05/30/2024 - 1:59 pm | View Link
  • US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
    The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous ...
    05/30/2024 - 1:19 pm | View Link
  • GDP report shows growth slowed in Q1, opens door to rate cuts in Q3
    "While this is the slowest growth in almost two years, it should be considered a release valve for a strong economy, allowing [Fed} to begin rate cut discussions in Q3." ...
    05/30/2024 - 6:10 am | View Link
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