That falls below economists’ expectations of 2% and marks a much slower pace compared to the previous two quarters, as rising interest rates and high inflation weighed on consumers and businesses.
Consumer spending, which accounts for more than two-thirds of economic output, contributed the most to the first quarter’s growth as Americans spent robustly on both goods and services. Spending was stronger compared with the previous quarter, led by purchases of cars and vehicle parts and spending on healthcare services. However, business spending fell in the beginning of the year as firms spent less on equipment. This story is developing and will be updated.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Kim Kardashian reveals the 'magic' of her success to CNN's Poppy Harlow | CNN BusinessJust a few years ago, Kim Kardashian was dyeing her own shapewear in a sink with teabags. Fast forward to the present day, the idea has blossomed into Skims — a $3.2 billion brand that has catapulted the reality TV star into a business titan.
مصدر: cnni - 🏆 326. / 59 اقرأ أكثر »
Mattel introduces first Barbie doll representing a person with Down syndrome | CNN BusinessMattel on Tuesday introduced its first-ever version of the Barbie doll representing a person with Down syndrome.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »
First Republic stocks drops nearly 50% after plunge in deposits | CNN BusinessFirst Republic stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the embattled lender reported late Monday that its total deposits fell 41% in the first quarter, to $104.5 billion, even after a consortium of banks stepped in with $30 billion to prevent the regional lender from failing. Without that cash infusion, deposits would have fallen by over 50%.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »
First Republic may not survive, even after two multibillion-dollar bailouts | CNN BusinessThe past few weeks have been brutal for the San Francisco-based lender. Now some analysts say a collapse of the bank is imminent.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »
US home prices rose slightly in February, snapping seven months of declines | CNN BusinessUS home prices rose slightly in February, snapping a seven-month streak of month-over-month declines, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »
UPS flashes a warning sign about the US economy | CNN BusinessUPS says the US economy is slowing down.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »