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 A Break from Tradition: How the Fed's Recent Policies Have Cost US Households READ MORE Recession Predicted for 2024 by Economist Cam Harvey READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE Record Start to 2024: Companies Ramp Up Share Repurchases READ MORE Add a Comment Cancel replyYour email address will not be published.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