US: GDP is now seen expanding 3.0% in 2022 – UOB By pabspiovano GDP UnitedStates Banks
Key Takeaways
and business spending supported growth, the larger drags came from the net exports of goods and services, the reversal of private inventories and weaker government consumption and investment.”in 1Q, was seen as a sign on how the accelerating inflation is eating into spending, and this is something that will need to be monitored as inflation is likely to accelerate further in 2Q, which could further impair spending.
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