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U.S. economy shrank in first quarter of 2022

Name: U.S. economy shrank in first quarter of 2022
Uploaded: 2022-04-28T11:16:02-0400
Duration: 5 min 41 s
Description: The U.S. economy shrank in the first quarter of 2022, but American consumers and businesses kept spending despite high inflation and rising costs. Steve Odland, president and CEO of The Conference Board, joined CBS News to discuss the latest GDP data and its impact on consumers.

The U.S. economy shrank in the first quarter of 2022, but American consumers and businesses kept spending despite high inflation and rising costs. Steve Odland, president and CEO of The Conference Board, joined CBS News to discuss the latest GDP data and its impact on consumers.