World Economy Latest: Russia’s Economy Risks Overheating
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Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
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US economy disappoints in first quarter of 2024 as growth slows far more than expected
The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
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US growth likely slowed last quarter but still pointed to a solid economy
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The government is expected to report that the gross domestic product grew at a slow but