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U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows

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Market Watch
April 28, 2017

The government’s official scorecard for the U.S. economy in the first quarter pointed to the weakest growth in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months.

Gross domestic product increased at a meager 0.7% annual pace in the first three months of the year, down from 2.1% and 3.5% in the back half of 2016. Economists polled by MarketWatch had forecast a 0.9% increase.

U.S. equity markets looked set to open flat, based on early action for the Dow Jones Industrial Average DJIA, +0.03% and the S&P 500 index SPX, +0.06%

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This article was posted: Friday, April 28, 2017 at 8:07 am





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