US growth slows to 1.6%, reflecting an economy pressured by high rates - short news
Commerce department says gross domestic product decelerated in final three months of 2023 as consumers slowed spending
The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.
Thursday’s report from the commerce department said the gross domestic product – the economy’s total output of goods and services – decelerated from its brisk 3.4% growth rate in the final..
source: The Guardian - 25.04.2024