• US Q1 GDP Comes in Lower Than Expected, But Details Show a Resilient Economy

    Source: Buzz FX / 25 Apr 2024 09:56:20   America/New_York


    Real GDP expanded by 1.6% quarter-over-quarter (q/q, annualized) in the first quarter of 2024 – below the consensus forecast of 2.5%.
    Consumer spending expanded by 2.5% – a modest deceleration from last quarter’s 3.3% gain.
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