1st LD: U.S. GDP growth slows to annual rate of 1.6 pct in Q1

WASHINGTON, April 25 (Xinhua) -- The U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in the first quarter of this year, the U.S. Department of Commerce reported on Thursday.

The latest data marks a sharp slowdown from the fourth quarter in 2023, when GDP grew by 3.4 percent, according to the Bureau of Economic Analysis.

Compared to the fourth quarter, the deceler