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Advance estimate of U.S. GDP growth of 1.1% in Q1 puts pressure on Fed

by Loretta Clodfelter | Apr 28, 2023

The U.S. economy recorded real GDP growth at an annual rate of 1.1 percent in first quarter 2023, according to the advance estimate from the Bureau of Economic Analysis, released April 27. This is down from the 2.6 percent annualized GDP growth reported in fourth quarter 2022.
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