US Economy Grows Slower Than Expected in Q1 2024, Commerce Department Reports

Government data revealed that the first quarter witnessed a modest growth of 1.6 percent in the world's largest economy. This figure falls short of the 2.4 percent

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X: @the_news_21

The US economy faced a slower-than-expected expansion in the initial three months of 2024, marked by a decline in exports and consumer spending, as per the latest report from the Commerce Department.

Government data revealed that the first quarter witnessed a modest growth of 1.6 percent in the world’s largest economy. This figure falls short of the 2.4 percent growth forecasted by economists, indicating a less robust performance than anticipated.

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