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GDP Report Shows Economic Growth Slowed in First Quarter
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U.S. economic growth slipped in the first quarter in the midst of still-high inflation and rising interest rates, adding to worries about a possible recession later this year.
U.S. gross domestic product, a measure of the value of all the goods and services produced in the country, rose at an inflation- and seasonally-adjusted 1.1% annual rate from January to March, a significant slowdown from 2.6% growth in the fourth quarter, the Commerce Department said Thursday.
Read more on wsj.comAbout this in other media
GDP Report Shows Economic Growth Slowed in First Quarter wsj.com /1 year ago
GDP Report Shows Economic Growth Slowed in First Quarter wsj.com /1 year ago
US economic growth slows sharply as interest rate hikes kick in theguardian.com /1 year ago
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