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© Andrii Yalanskyi |

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 Institute for Supply Management (ISM), paint a slightly more upbeat ...

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