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Home / Commercial Construction / US economy shrank by 1.4% in Q1 but consumers kept spending (access required)

US economy shrank by 1.4% in Q1 but consumers kept spending (access required)

The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability.

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