The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending.
Source: First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower
High inflation, $6.00/gallon gas, food prices skyrocketing, and GDP in decline… shortages of staples like baby formula, weekly mass shootings, “cases” surging and monkeypox … but “experts” say Q2 will have growth therefore this will not be considered a recession.
