U.S. GDP Growth Stumbles to 1.6% in Q1, Missing Economic Forecasts The U.S. economy started the year on a weaker note than anticipated, with the GDP growth rate decelerating to 1.6% in the first quarter, as reported by the Commerce Department. This figure significantly undershot the 2.4% growth economists had projected based on surveys by Dow Jones. The Gross Domestic Product (GDP), which gauges the total output of goods and services, showed a marked slowdown from the 3.4% increase in the final quarter of 2023 and the 4.9% rise in the quarter before that. While consumer spending did grow by 2.5%, it was less robust compared to the 3.3% increase in the previous quarter and also fell short of the 3% expected by Wall Street analysts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Housing Costs Defy Inflation Trends, Challenging Federal Reserve's Targets READ MORE Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE Western Nations Struggle to Dent China's Rare Earth Monopoly READ MORE UBS: Gold's Record Rally Has Room to Run Despite $2,500+ Prices READ MORE Poland’s 50/50 gold buying: 50 tonnes bought over 3 months, but another 50 tonnes to go READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment