U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
Source: nytimes.com
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GDP shows economic growth slowed to 1.1% in Q1
Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.
Source: marketplace.org
Housing Drags Down US Economy For Second-Straight Quarter In Q1
Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday.
Source: inman.com
Computers outperform humans for accuracy on US GDP forecasts
Largely automated computer models beat most economists.
Source: moneyweb.co.za
News brief: Russia cuts gas exports, Title 42 hearing, GDP preview
Moscow cut off all energy supplies to Poland and Bulgaria. A federal judge blocks Title 42, a pandemic immigration policy, from being rolled back. New economic data is released Thursday morning.
Source: wncw.org