US Economy's Resilience
Despite the US economy contracting in the first quarter, strong consumer spending and continued business investments suggest a resilient recovery. However, Deutsche bank warns of a potential major recession caused by the Fed's aggressive interest rate hikes and stubbornly high inflation. The New York Times highlights the decline in GDP growth, attributing it to volatile components like inventories and international trade, as well as lower government spending. Consumer spending remains a crucial factor in the US economy's growth, but choppy waters may lie ahead.In this clip
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The Ben Shapiro Show
Joe Biden's Crashing Economy | Ep. 1483
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