Bureau of Economic Analysis: Consumer spending may be slowing — PYMNTS.com

The Bureau of Economic Analysis has recently published research showing that consumer spending may be on a downturn:

“And in the newest reading of how U.S. gross domestic product (GDP) fared in the first quarter, the Bureau of Economic Analysis indicated that the slowdown was more pronounced than initially thought, coming in at 1.3%, where that annualized pace had been calculated at 1.6%.“

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