the staff of the Ridgewood blog
Ridgewood NJ, according to the Bureau of Economic Analysis (BEA) the U.S. GDP shrank at an annualized rate of 1.4 percent during the first three months of 2022, according to the BEA’s first estimate of first-quarter economic growth. Economists expected U.S. GDP to have fallen by an annualized rate of 1 percent. Marking an abrupt reversal for an economy coming off its best performance since 1984.
