Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge

Real US Gross Domestic Product (GDP) grew at an annualized rate of 1.1 percent in the first quarter of 2023, coming in within the lower half of estimates that ranged from 0.4 to 3.5 percent on Bloomberg. This is a decline from the 2.6 percent that the US economy grew in the 4th quarter of […]