2023-04-27 12:50:02
WASHINGTON (AP) — The US economy slowed sharply from January to March, slowing to an annual rate of just 1.1% as interest rate increases hit mortgages and businesses reduced inventories.
The figure released Thursday by the Commerce Department shows that the gross domestic product weakened following growing 3.2% between July and September and 2.6% from October to December.
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