GDP Growth Slows in First Quarter While Inflation Remains High. Can You Say 'Stagflation'?
by PJ Media
PJ Media— What happens when there's slow economic growth and high inflation? Economists call that "stagflation," and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon.
Drudge Report—GDP growth slowed to a 1.6% rate in the first quarter, well below expectations. GDP slows to 1.6% (Second column, 2nd story, link) Related stories:Fed Rate Cuts Slipping Away Drudge Report Feed needs your support! Become a Patron
NBC News—Pace of economic growth slows as inflation remains stubborn. Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
@cityam—US economy disappoints in first quarter of 2024 as growth slows far more than expected. The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.