The U.S. economy has long enjoyed what might be called a Goldilocks scenario: robust growth paired with gradually declining inflation. However, recent data suggest that those days are behind us.
Take, for example, the recent GDP figures which illustrate a stark downturn. After quarters of 4.9% and 3.4% growth, the economy slowed to a mere 1.6% annualized growth in the first quarter of this year.
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