10.7 C
London
Thursday, March 28, 2024

US economy shrinks again ringing recession alarms

But Thursday’s report showed more marked slowdown, with growth weighed down by declines in the housing market, business investment and government spending. Consumer spending grew at an annual rate of 1%, as people spent more on healthcare, accommodation and dining out, but cut back on goods and groceries.

Source: BBC

Latest news
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here