NRF: First quarter results show economy is slowing but ‘remains resilient’
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy lost some spring in its step during the first quarter as the pace of growth declined, and the downshift came with an unexpected bout of inflation,” Kleinhenz said, noting...
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