US GDP shrinks -0.3% annualized in Q1, price pressures building up

The US economy unexpectedly contracted in the Q1, with GDP shrinking at an annualized rate of -0.3%, marking the first decline since Q2 2022 and falling well short of expectations for modest 0.4% growth. The surprise contraction was driven by a surge in imports and a pullback in government spending, which more than offset gains […]

The post US GDP shrinks -0.3% annualized in Q1, price pressures building up appeared first on Action Forex.