The gross home product estimates revealed by the Bureau of Financial Evaluation (BEA) right now (25 April) got here in beneath expectations of a 2.5% development price, and adopted a revised price of three.4% for This fall 2023.
In comparison with the earlier quarter, the deceleration in actual GDP within the first three months of 2024 primarily mirrored a slowdown in client, state and native authorities spending, exports and a downturn in federal authorities spending, the BEA stated.
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These actions have been partly offset by an acceleration in residential mounted investm…
