Headline growth was better than expected, but an unsustainable boost from government spending and exports means the U.S. hasn't broken out of its slow-growth trends, says Morningstar's Bob Johnson.
BING NEWS:
- Q1 GDP ‘fell shy of expectations,’ but had some strong components
The Bureau of Economic Analysis Thursday released 2024’s first quarter gross domestic product (GDP) report, which showed an annual rate increase of 1.6%.
04/26/2024 - 2:00 am | View Link - U.S. GDP Growth Slows Markedly, And Inflation Remains The Focus
US GDP growth slowed to 1.6% annualised in Q1 2024, less than half the 3.4% rate recorded in 4Q23, but core inflation was stronger, picking up from a 2% annualised rate to 3.7%.
04/25/2024 - 8:25 pm | View Link - US Demand Is Still Resilient, Even If GDP Doesn’t Show It
The surprisingly sharp downshift in US economic growth last quarter masked otherwise resilient household demand and business investment that helped generate faster inflation.
04/25/2024 - 5:07 am | View Link - Stocks plummet on report U.S. GDP growth slowed to 1.6% in first quarter
U.S. gross domestic product slowed to a lower than expected 1.6% in the first quarter, according to a Thursday Bureau of Economic Analysis report. In the fourth quarter 2023 It was 3.4%.
04/25/2024 - 3:32 am | View Link - Analysis: War Drums Add to Economy Anxiety
Of course, American makers of weapons systems have already immensely benefited from the ongoing war in Ukraine too, which started two years ago. The cost to Iran is also probably close to a billion ...
04/15/2024 - 11:20 am | View Link - More
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