Business

First-quarter economic growth revised down slightly to negative 1.5% annual rate

By Zach Halaschak

Published May 26, 2022 12:31pm ET

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First-quarter economic growth revised down slightly to negative 1.5% annual rate — Engineer with walkie-talkie. | (iStock photo)

GDP fell at a 1.5% annualized rate in the first quarter of 2022, a revised estimate from the Bureau of Economic Analysis showed Thursday morning.

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Tag:

Economics GDP Inflation Jobs Recession