Browsing: Economy

Economy ABA Data Bank: U.S. economy contracts 1.4% in Q1

The first estimate for GDP in Q1 2022 came in well under expectation, contracting at an annualized rate of 1.4%. This was largely due to worsening net exports and a decline in private inventories and government spending.

Economy Beige Book: Economic activity expands despite uncertainty

Economic activity expanded at a moderate pace between February and mid-April, though outlooks for future growth remained uncertain, given current geopolitical and inflation conditions, according to the Federal Reserve’s Beige Book release of the year.

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