GDP Shows Economy Slowing in First Quarter of 2023

5

Economic momentum is slowing, amid higher interest rates and a banking crisis, new gross domestic product report shows. The U.S. economy wobbled in the first months of 2023. But no worries, the Democrat media axis will cheer on these Biden ‘successes.’

There is very little growth in the Biden Administration’s putrid economy. The American economy grew at 1.1 percent in Q1 of 2023. By contrast, Communist China’s economy grew by 4 percent in the same period.

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GDP growth shows slowing economy in the first quarter of 2023

By Fox News, April 28, 2023

Gross domestic product (GDP) increased in the first quarter of 2023, beating the odds of a recession yet again, according to the Bureau of Economic Analysis (BEA).

Real GDP increased at an annual rate of 1.1% in the first three months of this year, after rising 2.6% in the fourth quarter of 2022, according to the BEA’s advance estimate released on Thursday.

The increase in real GDP was driven by consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the BEA reported. Growth in the first quarter was offset by a slowdown in new single-family home construction and private inventory investment, the BEA said.

 

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Zeus
Zeus
10 months ago

They have to finish us off before we figure out they’re actually trying to finish us off.

Rooster
Rooster
10 months ago
Reply to  Zeus

Spot on!

Walter Sieruk
Walter Sieruk
10 months ago

Joe Biden is responsible for the terribly high cost of gas and groceries with his constant socialist meddling and interfering in the American free enterprise system is only harming America and the American people.

Likewise “President” pretender Biden when he shut down the Northern oil pipeline industry causing many American workers to lose their much need jobs is a disaster but to make this terrible situation even worse this results to two awful related things.

It made the United States once against dependent on foreign oil and likewise this added to the already rising prices fuel at the gas station.

That subversive horrible Biden and those “behind the curtains.” Who uphold their stooge in the Office of the US Presidency must have insidious sinister subversive intentions.

They have Biden as their tool for the degradation and debasement of the United States in the Red/Green agenda.

They are a dangerous as they are also despicable.

Walter Sieruk
Walter Sieruk
10 months ago

Joe Biden with his constant socialist meddling and interfering in the American free enterprise system.is wrecking the economy of this nation.

Biden even destroyed the business of that northern oil pipeline causing many American workers to lose their much-needed jobs. Likewise making the United States once again dependent on foreign oil.

That was one of many factors that contributed high price of gas and groceries.

It was reported on the news the this very high price of fuel .cost men driving trucks for a living so spending as much a one thousand dollars to fill up the gas tanks of their truck, causing many of them to go out of business thus losing their jobs . This is one reason foe high food prices and barren shelves at the grocery market.

Related to this is that by Biden pushing and even attempting to force socialism of the United States economic system also inflection at the grocery store and because many empty shelves, People never saw empty shelves during the Trump administration.

This Bogus US “President” must be deliberately attempting to harm this nation. What a treasonous villain he is.

Other villains who ,”behind the curtains ,” are other treacherous dangerous villains who use this puppet “president” as their useful idiot and tool as one of their weapons against America.

Walter Sieruk
Walter Sieruk
10 months ago

Joe Biden as a politician of fifty years in government had done nothing for the betterment of the United States. Now starting from January 20, 2021 pseudo “president” Biden has only harmed America.

In addition Biden even had the gall to say in a speech about his Republican opponents as “being against everything” he should first look into the mirror.

Biden must be against low gas prices.

Biden must be against low food prices

Biden is against American being oil independent.

Biden is against the American free enterprise system.

Biden must be against the American worker because of his socialist economic policies

Biden is definitely against a strong firm secure US/Mexican border.

Biden is against funding and supporting the police force

Biden is against supporting our only one good friend in the Middle East the State of Israel.

Biden is against putting the hostile vicious anti. America “mullah regime” of Iran in its place by giving those in power in that Islamic tyranny everything they demand.

Biden is the negative one.

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