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The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth ...
The COVID-19 pandemic recession remained the deepest on record, with the economy contracting at an average rate of 17.5% from the fourth quarter of 2019 to the second quarter of 2020, revised up 0 ...
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending ... expanded at a 1.6% rate last quarter. The first quarter's GDP growth marked a sharp slowdown ...
The U.S. economy grew at an annualized rate of 1.3% in the first quarter of 2024, marking a downward revision from the advance estimate of 1.6%. This represents the slowest growth rate since the ...
The downward revision to GDP brings the first-quarter's growth rate to the lowest since the second quarter of 2022, when the economy contracted, and leaves output below the 1.8% rate that ...
The Bureau of Economic Analysis's second estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.3% during the period, down from a first ...
The Dow Jones industrial average sank 1.5% by midday Thursday as investors digested the first quarter GDP report, while the S&P 500 dropped 1.1%, and the tech-heavy Nasdaq Composite plummeted 1.5%.
The U.S. economy shrank an annualized 1.6% in the first quarter, reflecting a wider contraction than the most recent estimate of a 1.5%, revised data released Wednesday showed.