Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

U.S. economy struggles at start of election year

 


WASHINGTON — It was not a great start for the U.S. economy.

With consumers and businesses turning cautious, the U.S. struggled to grow in the first three months of a presidential election year that is shining the spotlight on the economy's fitful recovery.

Gross domestic product, the broadest measure of economic health, expanded at a paltry annual rate of 0.5 percent in the January-March quarter, the Commerce Department reported Thursday. That is slower than the fourth quarter's 1.4 percent growth rate and marks the weakest performance in two years.

http://www.startribune.com/us-gdp-growth-slowed-to-0-5-percent-rate-in-first-quarter/377408171/

 

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