Current location:International Interactions news portal > health
US growth likely slowed last quarter but still pointed to a solid economy
International Interactions news portal2024-04-25 17:49:28【health】8People have gathered around
IntroductionWASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its
WASHINGTON (AP) — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates.
The Commerce Department is expected to report Thursday that the gross domestic product — the economy’s total output of goods and services — grew at a slow but still-decent 2.2% annual pace from January through March, according to a survey of forecasters by the data firm FactSet.
Some economists envision a stronger expansion than that. A forecasting model issued by the Federal Reserve Bank of Atlanta points to a first-quarter annual pace of 2.7%, propelled by a 3.3% increase in consumer spending, the principal driver of economic growth.
Either way, the economy’s growth is widely expected to have decelerated from the vigorous 3.4% annual pace of October through December. The 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 the Federal Reserve imposed in its drive to tame inflation.
Address of this article:http://www.triple-v.org/edu/eng/174-trust/
Very good!(66)
Related articles
- Nadal drawn against Cobolli at Barcelona Open. Spaniard trying to return from injury
- I refused to accept my neighbour's parcel
- I lost everything I owned in a storage unit fire where I stored my possessions after a break
- Photographer at Prince Andrew's car
- Wildfire destroys prized mushrooms, income source for Tibetans — Radio Free Asia
- How Princesses Eugenie and Beatrice could be stepping up amid Royal Family health troubles
- I lost my five
- What visitors on £100 Balmoral tours will see: Tourists can wander Drawing Room
- Youth in Xinjiang celebrated the coming of Spring Festival with song and dance
- Global democracy rankings: Australia in top 10 nations
Popular articles
Recommended
Decreased clout reason for U.S. anger at Beijing
The Iron Claw review: The Big Daddy of wrestling movies
Queen Camilla praises Kate Middleton
I get shamed by other mothers for being naturally pretty with a good figure
Farewell to China's homecoming motorbike fleets
Why we cannot let the disability support changes happen
FIRST LOOK: As Laura Ashley relaunches, how does it stack up against its vintage heyday?
Awkward moment pregnant mother is left in tears after discovering she's having a third son
Links
- Golriz Ghahraman's law career at risk if convicted, professor says
- Wellington City Council seeks feedback on its 10
- Airports Association says lack of government action to boost competition leading to high fares
- Impossible decisions and the job he never got to do
- OJ Simpson's alma mater, USC, stays conspicuously silent on his death despite honoring the ex
- Public submissions on proposed anti
- Viable but risky: Former Whakapapa ski field bidder
- Government departments defend staffing increase in late 2023
- School camp bus breaks down, then catches fire while being towed
- Threat of fire increasing concern for Christchurch Adventure Park