GDP Growth Halved in 1st Quarter, Corporate Profits Suffer 3rd
CRAIG BANNISTER | MAY 25, 2023 The nation’s Gross Domestic Product rose 1.3% in the first quarter, half the rate of the previous quarter, as other key measures of the economy faltered, the U.S. Bureau of Economic Analysis (BEA) reported Thursday. While revised up from 1.1%, the first-quarter, inflation-adjusted (“real”) GDP growth of 1.3% was half the 2.6% growth recorded […]Read More