( ) -q-22- UNDATED (Correspondent Jeremy House) “months of 2023.” The U.S. economy grew at a sluggish 1.3% annual pace from January through March. [CutID: <Cuts> GDP-house-q-THUam.mp3 Time: 22s Title: GDP-house-q-THUam Out-cue: months of 2023] TAG: Correspondent Jeremy House reporting. Last quarter’s pullback was due mainly to two factors — a surge in imports and […]
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Economic growth last quarter is revised down, but consumers kept spending
( ) -q-22- UNDATED (Correspondent Jeremy House) “months of 2023.”
The U.S. economy grew at a sluggish 1.3% annual pace from January through March.
[CutID: <Cuts> GDP-house-q-THUam.mp3
Time: 22s
Title: GDP-house-q-THUam
Out-cue: months of 2023]
TAG: Correspondent Jeremy House reporting. Last quarter’s pullback was due mainly to two factors — a surge in imports and a reduction in business inventories — that tend to fluctuate from quarter to quarter.
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VERBATIM: The Commerce Department says consumer spending rose, but at a slower pace than previously thought. The department had previously estimated that the nation’s gross domestic product expanded at a 1.6% rate last quarter. The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.