Thursday, April 25, 2024

Breaking: The US economy grew at a slower-than-expected 1.6% in the first quarter, weighed down by weaker exports and business stockpiling

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Thu Apr 25 2024

U.S. economy grew 1.6% early this year. Is a slowdown coming?

Truck driver Josh Switzer delivers PVC pipe to a residential housing lot under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S. on Tuesday, May 13, 2014. The U.S. Census Bureau is scheduled to release monthly housing starts data on May 16. Photographer: Luke Sharrett/Bloomberg via Getty Images

That's down from a robust 4.1% in the second half of last year. Most forecasters expect slower gains later this year.

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