US GDP shrank -4.8% in Q1, worst since 2008

<p>US GDP contracted -4.8% annualized in Q1 slightly worse than expectation of -4.0% annualized. That’s the largest decline since 2008 and marked the formal start of a recession. Looking at some details, personal consumption expenditures dropped -7.6%. Gross private domestic investment dropped -5.6%. Exports of goods and services dropped -8.7% while imports dropped -15.3%> Government […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/291131-us-gdp-shrank-4-8-in-q1-worst-since-2008/">US GDP shrank -4.8% in Q1, worst since 2008</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>