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US Economy Shrinks Unexpectedly, Amplifying Recession Fears

Headline GDP shrank 1.4%, data by the Bureau of Economic Analysis showed Thursday. Analysts were expecting a 1% increase.

Updated May 11, 2023, 5:00 p.m. Published Apr 28, 2022, 5:09 p.m.
Real GDP percentage change from preceding quarter (U.S. Bureau of Economic Analysis)
Real GDP percentage change from preceding quarter (U.S. Bureau of Economic Analysis)