Why U.S. Economy Slowed While China Surged in Q1?

According to the latest data, the U.S. economy shrank at an annualized rate of 0.5% from January to March. Being the first contraction in three years, it’s raising fresh concerns regarding the strength of U.S. consumers, the impact of high interest rates, and the resilience of the broader economy. Meanwhile, on the other side of the Pacific Ocean, China posted a stronger-than-expected 5.4% GDP…