G.D.P. Report Expected to Show Little Growth, Belying a Resilient Economy
The figure is expected to look weak because inventories needed less rebuilding, and consumer spending widened the trade deficit.
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The figure is expected to look weak because inventories needed less rebuilding, and consumer spending widened the trade deficit.
Without taking higher prices into account, the increase in gross domestic product at the start of 2022 would be strong by almost any standard.
A strong U.S. economy helped stoke demand for foreign goods in the first quarter, leading to a widening gap between imports and exports.
In a Gallup poll, 46 percent rated their personal finances positively, down from 57 percent last year. About half said gasoline prices were causing hardship.
US stocks reversed earlier gains after a US government official said Russia could invade Ukraine before the Winter Olympics end on February 20.