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Economists Estimate U.S. Gross Domestic Product Moderated in First Quarter
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U.S. economic growth likely cooled in the first quarter, economists say, as supply disruptions, labor shortages and high inflation slowed the pace of the recovery.
Economists surveyed by The Wall Street Journal estimate that U.S. gross domestic product grew at a 1.0% annual rate in the first three months of the year, down from a 6.9% rate at the end of last year. That would mark the slowest rate since spring 2020, when the Covid-19 pandemic and related shutdowns drove the U.S. economy into a deep—albeit short—recession.
Read more on wsj.comAbout this in other media
Economists Estimate Rapid Pace of U.S. Inflation Eased in April wsj.com /2 years ago
‘Over-the-top alarmism’: economists dismiss concerns wage rises cause inflation theguardian.com /2 years ago
After a Rough First Quarter, Coinbase Expects This One to Be Even Slower cryptonews.com /2 years ago
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