the economy of United States It shrank 0.4% in the first quarter of the year from the previous three months, due to the recovery of covid-19 cases due to the ommicron variant and high inflation, the government reported on Thursday.
The data for the first quarter of 2022, the first of three US government estimates, comes after an annual growth of the mighty 5.7% recorded last year, the highest since 1984.
The report highlighted as contributing factors to this decline the decline in inventory investment and the decline in exports, reflecting ongoing problems in global supply chains and the changes brought about by the Russian invasion of Ukraine†
Source: El heraldo
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
