GDP cools in first quarter as recession fears deepen
According to the Commerce Department’s announcement on Thursday, the US economy experienced a slowdown in the first quarter of this year, raising concerns about the possibility of a mild recession as consumer spending weakens. Consumer spending has been a driving force behind the world’s largest economy, providing a strong start to 2023. However, recent turbulence in the banking sector and rising interest rates are expected … Continue reading GDP cools in first quarter as recession fears deepen
