<ul><li>The Bureau of Economic Analysis released its latest estimate of GDP, showing a slight revision to the decline in the economy with a 0.2% shrink at an annualized pace.</li><li>Consumer spending slowed to +1.2%, with notable pullbacks in durable goods and services due to rising prices and uncertain employment.</li><li>Corporate profits fell by $118.1 billion in Q1, reflecting rising input costs and weaker demand in consumer-facing and export-sensitive industries.</li><li>CEO sentiment took a downturn with a sharp decline in confidence, signaling a shift toward pessimism as 83% of CEOs expect a downturn in the next 12–18 months.</li></ul>

Consumer Resilience Under Pressure As CEOs Eye Recession

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