The US economy is losing momentum as it struggles against headwinds. The latest numbers on the manufacturing sector show a broad decline in momentum – although it remains in growth mode, unlike the economy overall. US GDP shrank 1.4% year on year in the first quarter, a sharp reversal from last year when the economy expanded 5.7%, the fastest full-year clip since 1984. However, statistics on US manufacturing in April, released by the …
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