{"id":64597,"date":"2022-04-28T16:49:16","date_gmt":"2022-04-28T12:49:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=64597"},"modified":"2022-04-28T16:49:18","modified_gmt":"2022-04-28T12:49:18","slug":"us-economy-shrinks-by-1-4-in-q1","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-economy-shrinks-by-1-4-in-q1\/04\/28\/market-updates\/","title":{"rendered":"US economy shrinks by 1.4% in Q1"},"content":{"rendered":"\n<p>The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 and marked a significant turnaround in fortunes from Q4 2021&#8217;s robust 6.9% annualized growth rate.<\/p>\n\n\n\n<p>Meanwhile, the GDP Price Index for Q1 saw a bigger than expected jump to 8.0% from 7.1% in Q4 versus an expected rise to 7.3%, though Core PCE Prices saw a slightly smaller than expected rise to 5.2% from 5.0%, versus forecasts for a 5.4% rise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 and marked a significant turnaround &hellip;<\/p>\n","protected":false},"author":9,"featured_media":57171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,39,36],"tags":[6863,194,7767,8332,6987,7188,6858],"class_list":["post-64597","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-covid-19-2","tag-gdp","tag-goods","tag-gross-domestic-product-annualized","tag-inflation","tag-services","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=64597"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64597\/revisions"}],"predecessor-version":[{"id":64598,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/64597\/revisions\/64598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/57171"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=64597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=64597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=64597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}