U.S. Economy Stalls in First Quarter as Activity Weakens Broadly
Economic growth in the U.S. registered a frail 0.5% in the first quarter; the worst showing since Q1 of 2014. A strong dollar and a drive by businesses to draw down inventories contributed, as did slow investment due to low oil prices. However, Lucia Mutikani discusses that analysts are optimistic the pace will pick up as some stifling factors fade in coming quarters.
To read the full article in Reuters, click: U.S. Economy Stalls in First Quarter as Activity Weakens Broadly.
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