The State 2014.05.29 20:50
WASHINGTON - The U.S. economy was battered even more than first suspected
by the harsh winter, actually shrinking from January through March. The
result marked the first retreat in three years, but economists are
confident the downturn was temporary.
Gross domestic product contracted at an annual rate of 1 percent in the
first quarter, the Commerce Department said Thursday.
ECONOMIST, GDP, ECONOMY, CONTRACTION, CUTBACK, PERCENTAGE, Shepherdson, Furman, USA