US GDP Growth Slows Sharply to 1.6% in Q1 Vs 3.4% A Year Ago
US consumers continued to drive growth in the January-March quarter but slowed their spending. The US economy’s gradual slowdown reflects, in large part, the much higher borrowing rates for home and auto loans, credit cards and many business loans that have resulted from the 11 interest rate hikes by US Fed The US economy slowed … Read more
