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The Weekly Bottom Line: GDP Drop Obscures Strong Underlying Demand

Started by PocketOption, Apr 30, 2022, 12:54 pm

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PocketOption

The Weekly Bottom Line: GDP Drop Obscures Strong Underlying Demand

U.S. Highlights U.S. economic growth contracted in the first three months of 2022. Real GDP fell 1.4% due largely to a sizeable increase in the trade deficit. The U.S. goods trade deficit widened unexpectedly by almost 18% to hit a new record in March, reflecting both higher import volumes and prices. Personal income and consumer […]


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