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US economy turns in weakest quarterly performance in three years  

Image result for US economy turns in weakest quarterly performance in three years The US economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result repeats a pattern that has characterized the recovery: lacklustre beginnings to the year.

The Commerce Department says the gross domestic product, the total output of goods and services, grew by just 0.7% in the first quarter following a gain of 2.1% in the fourth quarter. The slowdown primarily reflected slower consumer spending..Read more HERE

Published on 01/05/2017 @ 14h50   | |