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US economy grew at weak 1.1 percent rate in first quarter in sign of slowdown

Por: The Boston Globe Business April 27, 2023

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WASHINGTON — The US economy slowed sharply from January through March, decelerating to just a 1.1 percent annual pace as higher interest rates hammered the housing market and businesses reduced inventories.Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — weakened after growing 3.2 percent from July through September and 2.6 percent from October... + full article



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