US: GDP Growth_1Q23

𝐓𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬  𝐑𝐞𝐚𝐥 𝐆𝐃𝐏 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟  𝟏.𝟏% 𝐢𝐧 𝟏𝐐𝟐𝟑

The United States’ (US) real gross domestic product (GDP) in the first quarter of

2023 (1Q23) increased at an annual rate of 1.1%  over the preceding quarter,

below the consensus estimate of 2.0%. Since the third quarter of last year, the rate

of GDP growth has been trending lower (in Chart 1).

Cheers,