US economy sees surprise Q1 contraction despite solid spending

US economy sees surprise Q1 contraction despite solid spending

This post was originally published on this site Washington (AFP) – The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with...

Read more
Is America’s Economy Entering a New Normal?

Is America’s Economy Entering a New Normal?

This post was originally published on this sitePolicymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot.

Read more
Booming U.S. Economy Ripples World-Wide, Straining Supply Chains and Driving Up Prices

Booming U.S. Economy Ripples World-Wide, Straining Supply Chains and Driving Up Prices

This post was originally published on this siteThe force of the American expansion is inducing overseas companies to invest in the U.S., betting that the growth is still accelerating and will outpace other major economies.

Read more