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in the past hour we have just had an update on some important data. they show the world s biggest economy is still growing but more slowly than first thought. the first three months of this year the us economy grew by 1.1% months of this year the us economy grew by1.1% and months of this year the us economy grew by 1.1% and that is on an annualised basis with consumer spending still remaining pretty strong but many analysts have been expecting today s figure to be closer to the 2% mark with all of this of course adding to fears that the american economy is running out of steam so let s get the thoughts of steam so let s get the thoughts of samir hussein, our north american business correspondence standing by new york and that is the question, isn t it. is this just a temporary blip or are we on a longer term slowdown? because we have talked a lot about the us avoiding recession. this will be welcome news. they can certainly not. this demonstrates the us economy is certa ....
We approach the election. just will be looking at them closely as we approach the election.- we approach the election. just to flesh out this we approach the election. just to flesh out this consumer - we approach the election. just to| flesh out this consumer spending idea, consumerspending in the united states accounts for two thirds of economic growth so you may see other sectors slowing down the fact consumers are still spending buying things and really contributing to the economy that is a bright spot. politics, 2024 is an election year and already we are seeing the beginnings of what politicians and how they re going to be spinning this in terms of their the election. certainly the strength of the us economy is going to have an impact and it usually an impact on the reigning political party. i on the reigning political party. i am sorry, i did mention it, you re absolutely right. we are just so on the same page as these things, that s why. so never sane live in new york. and it ....