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U.S. economy grew at 1.1% in early 2023, points to ‘significant slowing’

April 28, 2023

The U.S. economy wobbled in the first months of 2023, growing at an annual rate of 1.1 percent, as higher interest rates and a banking crisis dragged down activity across sectors. The latest figures, released Thursday by the Bureau of Economic Analysis, mark a sharp slowdown at a time when Wall Street is already bracing for recession, in part because of fears that the banking sector’s troubles will curtail lending.

Article Source: Washington Post

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