Analysis: The US economy continued to grow at the beginning of the year, but the pace has slowed down.
US PMI preliminary data shows that the economy continued to grow at the beginning of the year, but the growth rate has slowed down. The survey indicates that the annualized GDP growth rate for December and January is 1.5%, with weak new business growth in manufacturing and services. Additionally, employment in January was almost stagnant, as companies are reluctant to hire more staff due to uncertainty and high cost pressures.
