Biden-Flation Spanks GDP Growth Per First Quarter Report
Find more on this story at: https://www.youtube.com/nextnewsnetwork
Top news right now, the U.S. Bureau of Economic Analysis has released its advance estimate for the first quarter of 2023, and the economy is showing signs of a significant slowdown. Real GDP increased at an annual rate of just 1.1 percent, significantly lower than the 2.0 percent expected. The deceleration is attributed to a downturn in private inventory investment and nonresidential fixed investment, while inflation showed a dramatic jump. Core PCE inflation surged to a 4.9 percent increase, after rising 4.4 percent in the fourth quarter of 2022. Americans seeking relief from rising prices and as President Joe Biden now tries to build a case for his reelection after his broken 2020 promise to build America back better. Follow Next News for more breaking news.
#news
#news
-
6:03
Last World News Channel
1 year agoBiden praises third quarter GDP numbers showing economic growth
2 -
0:32
The Post Millennial Live
2 years agoBiden: "In the first half of this year, our economy grew at the fastest rate in 40 years."
563 -
6:01
American Center for Law and Justice
9 months agoBiden Struggles on Economy - Landslide Win for Trump?
10K13 -
11:49
Glenn Beck
1 year agoBiden is TWISTING job statistics to HIDE our recession
1.89K -
3:44
One America News Network
1 year agoBiden says US. not in recession despite GDP report
2.83K95 -
9:42
Joey Saladino Show
2 years ago547. Biden Breaks MORE Economic Records
1272 -
10:55
The Union Herald
1 year agoPresident Biden Delivers Remarks on December 2022 Inflation Data
1 -
24:41
Robert Gouveia
2 years agoBiden’s Terrible Jobs Report as GDP Predictions Revised
152 -
0:32
Last World News Channel
1 year agoBiden insists the inflation report is "good news"
4 -
0:29
Mr Producer Media
1 year agoBiden Economic Advisor: Don't Talk About How We Got Inflation So Wrong
2032