US economy slows to a near-stall in first quarter
Washington (AFP) April 30, 2014 - The US economy ground almost to a halt in the first three months of the year amid severe winter weather, official data showed Wednesday. Gross domestic product increased at an annual rate of 0.1 percent after hitting a 2.6 percent pace in the 2013 fourth quarter, the Commerce Department said. While analysts had expected some slowing after monthly data suffered under an unusually heavy ba ... more
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