( ) -q-25- UNDATED (Correspondent Jeremy House) “in business inventories.” The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022. [CutID: <Cuts> GDP-house-q-THUam.mp3 Time: 25s Title: GDP-house-q-THUam Out-cue: in business inventories] TAG: Correspondent Jeremy House reporting. ————————– VERBATIM: The Commerce Department had previously estimated that […]
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US econ growth for last quarter is revised up slightly to 1.4% annual rate
( ) -q-25- UNDATED (Correspondent Jeremy House) “in business inventories.”
The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022.
[CutID: <Cuts> GDP-house-q-THUam.mp3
Time: 25s
Title: GDP-house-q-THUam
Out-cue: in business inventories]
TAG: Correspondent Jeremy House reporting.
————————–
VERBATIM: The Commerce Department had previously estimated that the gross domestic product advanced at a 1.3% rate last quarter. Consumer spending grew just 1.5%, down from an initial estimate of 2% in a sign that high interest rates may be taking a toll on the economy. Still, the report showed that the January-to-March slowdown was caused mainly by two factors…a surge in imports and a drop in business inventories.