The U.S. economy contracted at an annual rate of 0.3% in the first quarter of 2023, raising recession concerns as consumer confidence hits its lowest since early COVID-19. Amidst a decline in the stock market and careful consumer spending, activists prepare for nationwide protests against the Trump administration. Meanwhile, the U.S. and Ukraine have agreed on a deal to jointly invest in Ukraine's critical minerals to support its defense and reconstruction efforts amidst the ongoing war with Russia, but sentiments among Ukrainians about the deal remain cautious.
The U.S. economy shrank in Q1 2023, contracting at an annual rate of 0.3%, signaling potential recession concerns with consumer confidence plummeting alongside.
The new deal between the U.S. and Ukraine focuses on investment in critical minerals, aiming to strengthen support for Ukraine's defense and reconstruction.
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