Thursday, October 5, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

US GDP Growth 1.1% Q1 This Year

D. Atika by D. Atika
5 months ago
in Finance News

The U.S. GDP growth reached 1.1% in the first quarter of this year, lower than market expectations. Analysts say that the U.S. Federal Reserve’s high-intensity austerity measures have affected the slowdown in growth.

The U.S. Department of Commerce said on the 27th (local time) that the real GDP growth rate in the first quarter of this year (January to March) was 1.1% per year.

This is down from 2.6% in the fourth quarter of last year and far below the expert forecast of 2.0% compiled by Dow Jones.

Although the U.S. economy continued to grow positively for three consecutive quarters, analysts say that growth slowed down as the growth rate fell compared to the fourth quarter of last year.

RelatedArticle

Global Fund Managers Increasing US Stock Exposure as Investors Seek to Join Rally

Bank of England Paused Key Interest Rate Rise

Eurozone HICP Revision is Up 0.5% from July

OEDC: Interest Rates Should Be Kept High

The U.S. economy, which had been in a recession after negative growth for the first and second quarters of last year, rebounded as it shifted to positive growth from the third quarter of last year.

The U.S. Commerce Department explained, “Compared to the fourth quarter, the decline in real GDP in the first quarter mainly reflected a slowdown in private inventory investment and a slowdown in non-residential fixed investment.”

In particular, analysts say that the U.S. Fed’s nine consecutive hikes in the benchmark interest rate to curb inflation, which soared to 9.1 percent in June last year, are affecting the economic situation.

Last quarter, Americans’ consumption spending increased 3.7 percent from the previous quarter, largely attributable to positive growth, but consumers’ spending at the end of the quarter has been on the decline, raising concerns about an economic slowdown.

As a result, there are growing concerns that the U.S. economy could stagnate at the end of this year or next year. Reuters analyzed, “The U.S. economy is maintained on the back of strong consumer spending, but growth will eventually slow in the aftermath of the rate hike.”

Ryan Sweet of Oxford Economics predicted to AFP that “the recent instability in the banking system and stricter lending standards are expected to cause a more serious economic downturn than expected in the second quarter.”

The figures released on the same day are breaking news and can be revised in the future. The U.S. growth rate will be announced three times: breaking news, provisional, and definitive. The second estimate of U.S. first-quarter GDP is scheduled to be released on the 25th of next month.

D. Atika

D. Atika

Related Posts

Global Fund Managers Increasing US Stock Exposure as Investors Seek to Join Rally

US Stock
by Putriyana
October 1, 2023

In a surprising turn of events, investors who initially missed out on this year's unexpected stock market rally are now...

Read more

Bank of England Paused Key Interest Rate Rise

by D. Atika
September 21, 2023

Following the U.S. Federal Reserve System (Fed), the Bank of England has also temporarily stopped raising its key interest rate....

Read more

Eurozone HICP Revision is Up 0.5% from July

by D. Atika
September 19, 2023

The August consumer price index (HICP revision), which shows the economic sentiment of 20 eurozone countries, rose 5.2% year-on-year, the...

Read more

OEDC: Interest Rates Should Be Kept High

by D. Atika
September 20, 2023

The Organization for Economic Cooperation and Development (OECD) insisted on the 19th (local time) that central banks in each country...

Read more
Load More
Next Post

Yuan Payments Surpassed Dollar in China

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • UK Chip Designer Arm Makes Nasdaq Debut in Largest IPO Since 2021

    0 shares
    Share 0 Tweet 0
  • Lazada Co-Founders Challenge on Social Commerce

    0 shares
    Share 0 Tweet 0
  • BreadTalk, Talk Bread

    0 shares
    Share 0 Tweet 0
  • The Pros and Cons Using Western Union

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In