U.S. GDP Grows at Slower-than-Expected 1.1% Rate in Q1.
TL;DR Summary
The US economy grew at an annual rate of 1.1% in the first quarter, down from 2.6% in the previous quarter, due to high inflation, rising interest rates, and banking problems. However, solid consumer spending helped to drive the growth.
- GDP Report Shows Economic Growth Slowed in First Quarter The Wall Street Journal
- U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing CNBC
- GDP Report: US Economy Grew at 1.1% Rate in Q1 The New York Times
- GDP: US economy grows 1.1% in Q1, slower than expected Yahoo Finance
- GDP report shows the U.S. economy is slowing The Washington Post
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