Tuesday June 2, 2020

US economy stalls at 0.1% growth in Q1

The US economy barely grew in the first quarter, as severe winter weather slowed investment and exports dropped.

30th April, 2014
US Federal Reserve

The US economy barely grew in the first quarter, as severe winter weather slowed investment and exports dropped, according to figures from the Commerce Department released today in Washington.

The growth stalled even as consumer spending on services rose the most in 14 years.

Gross Domestic Product grew at a 0.1 per cent annualised rate during the first three months of the year, compared with a 2.6 per cent gain in the previous quarter.

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