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Archive for April 2014

Apr/14

30

Demonstration

The American economy slowed drastically in the first quarter of 2014, as wintry weather depressed corporate spending and housing sector activity, while weak exports and smaller additions to inventories by businesses also held back growth.

On the other hand

At an annualized rate of 0.1 percent, the pace of expansion in January, February and March was the weakest since the fourth quarter of 2012, when output also barely grew. It also represented a sharp deceleration from the level of growth recorded in the second half of 2013, when the economy expanded at a 3.4 percent rate.

The first-quarter pace also fell well short of the 1.2 percent rate of growth expected by Wall Street economists before the Commerce Department announcement Wednesday morning.

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