From: NoBody <NoBody@nowhere.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Joe Biden's America - going down....
Date: Fri, 26 Apr 2024 07:26:34 -0400
Organization: A noiseless patient Spider
I'm sure the libs will somehow spin this and blame Trump.
"The U.S. economy grew at a slower pace than expected at the beginning
of 2024 as consumers pulled back on spending in the face of higher
inflation.
Gross domestic product, the broadest measure of goods and services
produced across the economy, grew by 1.6% on an annualized basis in
the three-month period from January through March, the Commerce
Department said in its first reading of the data on Thursday.
That is much lower than the 2.4% increase forecast by LSEG economists
and marks a sharp slowdown from the 3.4% pace seen during the fourth
quarter. It is the slowest pace of growth in two years.
"This was a worst of both worlds report slower than expected growth,
higher than expected inflation," said David Donabedian, chief
investment officer of CIBC Private Wealth US. "The biggest setback is
the acceleration in core inflation, and in particular, the services
sector rising above a 5% annual rate."
https://www.msn.com/en-us/money/markets/us-economy-grew-slower-than-expected-at-the-start-of-2024/ar-AA1nEnxe