Slowdown of US growth is temporary, Dallas Fed says
Despite weaker growth in Q1, the labour market keeps tightening and demand is solid
The weaker growth the US economy recorded in the first quarter of the year may be a temporary interruption of the stronger expansion it registered in 2017, research published by the Federal Reserve Bank of Dallas says.
The preliminary assessment of real GDP growth in the first quarter of 2018 was 2.3%, down from 2.9% in the previous quarter. Much of the deceleration was caused by slower consumer spending, which only added 0.7 percentage points to output growth, a notable reduction from the 2.8
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