The Traderszone Network

Published in TZ Latest News 28 April, 2015 by The TZ Newswire Staff

U.S. economy likely grew at snail’s pace in first quarter, but pickup seen

U.S. economic growth likely braked sharply in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices cut spending, but there are signs activity is picking up. Gross domestic product probably expanded at a 1.0 percent annual rate, according to a Reuters survey of economists. With both the weather and the ports dispute out of the way, economists warn against reading too much into the expected growth slowdown. “The first quarter is not a true reflection of the health of the U.S.

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