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Title : US GDP Declines 1.4% In The First Quarter Of 2022
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US GDP Declines 1.4% In The First Quarter Of 2022

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Daily Mail: Biden blames 'technical factors', Putin, COVID-19, and 'global inflation' for US GDP SHRINKING by 1.4% for the first time since the pandemic - but insists the economy is still 'resilient' 

* Biden blamed 'technical factors' and other global issues for shrinking economy 

* Real GDP shrank at a 1.4% annual rate for the first quarter of 2022 

* It is the first time the US economy has contracted since the pandemic struck 

* A widening trade deficit weighed on growth, with exports shrinking 

* The surprise reversal followed a year of the fastest growth since 1984 

* Still, consumer and business spending remains strong and job market is robust 

* An imminent recession seems unlikely, though concerns are mounting 

President Joe Biden has blamed 'technical factors' after the U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, marking an abrupt reversal from a period of roaring growth. 

Gross domestic product - the nation's total output of goods and services - fell at a 1.4 percent annualized rate in the first quarter of this year, the Commerce Department said in its advance GDP estimate on Thursday. 

In a statement responding to the concerning new data, Biden insisted that the US economy 'continues to be resilient in the face of historic challenges.'  

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WNU editor: The US government and media narrative is that everything is alright (see above video). But everything is not alright. When you factor in real inflation (15% vs 8.5%), this GDP drop is far worse than the 1.4% that they are reporting.

 US GDP Declines 1.4% In The First Quarter Of 2022

US economy shrank by 1.4% in Q1 but consumers kept spending -- AP  

U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit -- CNBC  

Omicron, trade weigh on U.S. economy in first quarter -- Reuters  

US Economy Shrinks 1.4% in Last Three Months -- VOA  

US economy saw ‘unexpectedly severe’ drop in first three months of year -- The Guardian  

US economy shrank 1.4% at beginning of 2022, marking worst quarter in 2 years -- FOX News  

The US economy shrank in the first quarter -- CNN

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