Breaking: US GDP grows by 1.6% YoY Q1
In the initial estimate released on Thursday by the US Bureau of Economic Analysis (BEA), it was revealed that the actual Gross Domestic Product (GDP) of the US expanded by 1.6% on an annualized basis in the January-March period. This expansion, coming in short of market predictions of 2.5%, followed a 3.4% growth in Q4 2023.