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The Independent UK
The Independent UK
National
Paul Wiseman

US economic growth likely slowed in January-March quarter

Copyright 2023 The Associated Press. All rights reserved.

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year. From employers to consumers, the picture was one of surprising resilience.

This year may be shaping up as a more downbeat story. The economy is widely expected to decelerate steadily and to slip into a recession sometime this year.

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