The US economy expanded at a much slower rate than expected in the first quarter, a prelude to recession, according to some forecasters. It would naïve to rule out the possibility in the current climate, but there’s also a case for expecting the economy to muddle onward with a sluggish expansion.
Daily Archives: April 28, 2023
Macro Briefing: 28 April 2023
* US officials working with private sector to rescue First Republic Bank
* Eurozone economy continued to stagnate in Q1
* China raises pressure on foreign companies, posing new risks for Western firms
* Pending US home sales fell in March, first decline since November
* US jobless claims fell last week, staying low despite softer economic growth
* US growth slows more than expected in Q1 as consumer spending ramps up:
