US economy saw ‘unexpectedly severe’ drop in first three months of year

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US economy saw ‘unexpectedly severe’ drop in first three months of year
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  • 📰 The Guardian
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US economy contracted by -0.4% in first quarter, its weakest quarter since the early days of the pandemic

shrank in the first three months of the year, contracting by -0.4% in the first quarter, or -1.4% on an annualized basis, its weakest quarter since the early days of the pandemic.

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