US growth likely slowed last quarter but still pointed to a solid economy
Thursday, 25 April 2024 () 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 government is expected to report that the gross domestic product grew at a slow but still-decent 2.2% annual pace from January through March. 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 economyβs growth is widely expected to have decelerated from the vigorous 3.4% annual pace of October through December.
Luke Pollard says the 0.1 percent growth in the UK economy is "pretty feeble". The shadow armed forces minister adds there has been "no stability" under the Conservatives and that Labour would "motor..
US Job Market , Stays Strong Despite , Widespread Layoffs.
'Newsweek' reports that government job cuts are at the highest
they've been since September of 2011, with the most recent
wave of layoffs..
Credit: Wibbitz Top Stories Duration: 01:30Published
Thursday, 25 April 2024 ()
![Labour: 0.1 percent growth in economy is pretty feeble [Video]](https://video.newsserve.net/300/v/20240412/1372469728-Labour-percent-growth-in-economy-is.jpg)
![US Job Market Stays Strong Despite Widespread Layoffs [Video]](https://video.newsserve.net/300/v/20240405/1371919104-US-Job-Market-Stays-Strong-Despite-Widespread-Layoffs.jpg)
