Washington, United States, April 30, 2026 (AFP) - US first-quarter growth rebounds less than expected as inflation surges

NAMPA / AFP

2026-04-30

US economic growth rebounded less than expected in the first quarter as consumer spending cooled, while inflation surged in March with fallout from the Middle East war beginning to bite, government data showed Thursday. While the world's biggest economy appears to remain resilient, some analysts warn of reliance on an AI investment boom, while consumers are showing fatigue that could intensify as the energy shock from the war worsens. Gross domes......

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