U.S. GDP Growth Slowed on Tepid Consumer Spending

29 Apr 2017   USA

The U.S. economy stumbled in the first months of the Trump administration, growing at the slowest pace in three years in a sobering reminder of the nation’s economic sluggishness. Gross domestic product grew at a 0.7% annual rate in the first quarter from the preceding three months, the Commerce Department said Friday. Economic output has grown an average of roughly 2% during the nearly eight-year expansion. …

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