The Weekly Bottom Line: GDP Drop Obscures Strong Underlying Demand

U.S. Highlights U.S. economic growth contracted in the first three months of 2022. Real GDP fell 1.4% due largely to a sizeable increase in the trade deficit. The U.S. goods trade deficit widened unexpectedly by almost 18% to hit a new record in March, reflecting both higher import volumes and prices. Personal income and consumer […]

The post The Weekly Bottom Line: GDP Drop Obscures Strong Underlying Demand appeared first on Action Forex.