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Submitted URL: https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts#tactical-sandworm
Effective URL: https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
Submission: On May 07 via api from LU — Scanned from DE
Effective URL: https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
Submission: On May 07 via api from LU — Scanned from DE
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Play Video Play Mute Current Time 0:00 / Duration 0:00 Loaded: 0% Progress: 0% Stream Type LIVE Remaining Time -0:00 Playback Rate * 2x * 1.5x * 1.25x * 1x, selected * 0.75x * 0.5x 1x Chapters * Chapters Captions * captions off, selected Fullscreen This is a modal window. Flash is no longer supported on bloomberg.com. Please update your browser and operating system to continue to watch. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. US Economic Growth Slows to 1.6%, Below All Forecasts US Economic Growth Slows to 1.6%, Below All Forecasts US Economic Growth Slows to 1.6%, Below All Forecasts FacebookTwitterLinkedInEmailLink GiftGift this article Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal Bloomberg Terminal LEARN MORE FacebookTwitterLinkedInEmailLink Gift By Molly Smith April 25, 2024 at 2:34 PM GMT+2 Updated on April 25, 2024 at 3:35 PM GMT+2 BookmarkSave US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing. Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace. A wider trade deficit subtracted the most from growth since 2022. Have a confidential tip for our reporters? 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