Business

US economy slows, sparking fears of recession

sefa ozel/Getty Images

(NEW YORK) — The U.S. economy shrank in the first three months of 2022, after years of growth, according to a new report.

Economists had expected consumer spending to accelerate in March, as rising wages prompted more American spending on services such as dining out and travel.

Watch the full report from ABC’s Good Morning America:

Copyright © 2022, ABC Audio. All rights reserved.

Related Articles

Back to top button