The world's biggest economy expanded at an annual rate of 1.3 per cent in the January to March period, the Commerce Department said, below the 1.6 per cent figure published in April. This revision was in line with analysts' expectations.
Both growth numbers mark a significant deceleration from the 3.4 per cent expansion seen in the final quarter of 2023.
While President Joe Biden and officials maintain that the US economy remains robust, he is struggling to convince voters of his performance on the economic front ahead of November's presidential election.
Bu hikaye The Straits Times dergisinin June 01, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin June 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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