Company News, Financial News

US Economy Slips in Q1

Contracts 0.7% in January-March period.

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By: TOM BRANNA

Editor

Is the US economy just under the weather or is it something more insidious? After taking a look at the economy for the first quarter of 2015, US gross domestic product declined at a 0.7% annual rate in the first three months of the year, according to a government report released today. While some in Washington would blame policy, others blame the weather. After all, much of the US was battered by winter storms during a good portion of the period in question. Meanwhile, consumer sentiment dr...

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