Nicolas Pinault, edited by Laura Laplaud 07:52, April 30, 2022
The US economy, engine of global growth, is showing signs of slowing down, -0.4% in the first quarter.
Wall Street has been sluggish for several weeks and the price of two digital giants, Amazon and Apple, is down.
Something to worry about across the Atlantic.
It hadn't happened since 2020 and the start of the pandemic.
The US economy is contracting, -0.4% in the first quarter.
This bad figure released on Friday rocked Wall Street a little more, the Dow Jones having already lost nearly 10% since the start of the year.
The war in Ukraine and the pandemic weigh in the balance
The American giants are also struggling.
Example with Amazon, which lost 15% on Wall Street, its worst session on the New York Stock Exchange since 2006. In question, results worse than expected.
A situation that should not get better anytime soon, the e-commerce giant has announced that the second quarter will not be brilliant with rising transport costs.
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Apple shares have fallen more than 11% over the past month.
The Apple brand could sell fewer iPhones and iPads this year, particularly due to Chinese restrictions to slow down business.
Apple's Chinese suppliers are struggling to keep orders and have to close factories.
Another gray cloud hanging over the American economy: the war in Ukraine, which is causing the cost of raw materials to rise.
On this side of the Atlantic, inflation is galloping, +6.6% in March, unheard of for 40 years and a blow for households.