Quartz·1 min read·medium
U.S. economy slowed in the spring as Iran war weighed on growth — but consumers held up
✦AI Summary
The U.S. economy experienced a slowdown in the spring, largely attributed to the impact of the war in Iran on energy prices and imports. Despite these headwinds, consumer spending and business investment remained resilient.
Consumer spending rose at a 3.2% pace and business investment stayed strong, cushioning the drag from higher energy prices and rising imports
economybusinessworld
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