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US economic growth in Q1 revised down from 1.6% to 1.3%

By Inquirer - 6 months ago
WASHINGTON — The U.S. economy grew at a sluggish 1.3 percent annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought, a sign that high interest rates and

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