U.S. GDP grew by 1.6% in the first quarter, slower than expected
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U.S. growth slowed sharply last quarter to 1.6%
WASHINGTON >> 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.
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GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
GDP slows to 1.6% (Second column, 2nd story, link) Related stories:Fed Rate Cuts Slipping Away Drudge Report Feed needs your support! Become a Patron
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U.S. Productivity Slumped In First Quarter
An unexpected slump in productivity raises unit labor costs and risks higher inflation. | Economy