The first quarter is in the books: The economy shrank at a 1.6% annual pace, the government's final appraisal shows. And the second quarter isn't looking all that great, either.

Topics:  shrank   quarter isn   
BING NEWS:
  • GDP report: First-quarter 1.6% growth with hot inflation seen as worst of both worlds
    Why did GDP fall short of forecasts? Almost entirely because of a bigger trade deficit and a weaker buildup in inventories or unsold goods. A wider trade deficit in the first quarter shaved 0.9 ...
    04/25/2024 - 9:02 am | View Link
  • What the GDP Report Says About Inflation: A Hot First Quarter
    Thursday's gross domestic product report suggests that a widely watched inflation reading due Friday could be worse than expected. The Commerce Department said Thursday that core inflation, which excl ...
    04/25/2024 - 4:10 am | View Link
  • US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
    The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
    04/25/2024 - 3:17 am | View Link
  • U.S. GDP Grows at 1.6% in First Quarter, Falling Short of Analysts’ Forecasts
    According to the Bureau of Economic Analysis's advance estimate, the gross domestic product (GDP) increased at an annualized rate of 1.6%, a sharp deceleration from the 3.4% growth recorded in the ...
    04/25/2024 - 2:30 am | View Link
  • GDP Grew Only 1.6% in the First Quarter in the First Sign of Slowing Growth as Businesses Trimmed Inventories, Imports Surged
    “The increase in the first quarter primarily reflected increases in consumer spending and housing investment that were partly offset by a decrease in inventory investment,” the report from the Bureau ...
    04/25/2024 - 2:06 am | View Link
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