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U.S. stocks rose sharply on Thursday, with technology stocks in the lead, after Meta Platforms posted solid earnings despite high U.S. inflation.

U.S. GDP Falls 1.4% as Economy Shrinks for First Time Since Early in Pandemic

Many economists think that the economy can withstand higher interest rates and return to modest growth in the second quarter and beyond, in part because consumers and businesses are continuing to spend.

WSJ 28 April 2022


US GDP fell at a 1.4% annualized rate
The median projection in a Bloomberg survey of economists called for a 1% increase. 

Bloomberg 28 april 2022





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