U.S. Recovery Stumbles Again as Economy Contracts in First Quarter

U.S. Recovery Stumbles Again as Economy Contracts in First Quarter

According to the U.S. Commerce Department for the first time since the first quarter of 2011, the U.S. economy has contracted. Although it is projected to be a temporary setback, the economic stumble represents a bleak start to the year. Government economists had originally projected an estimated 0.1 percent sluggish growth rate, and blamed the […]

Sales in Retail Shockingly Weak

Sales in Retail Shockingly Weak

According to Census data, retail sales in April were described by economists as “shockingly weak,” hinting at a questionable future for the marketplace. Expectations were for a 0.3 percent increase, yet import prices fell 0.4 percent. Capital Economics contends that although the GDP (Gross Domestic Product) growth in the second quarter was not as large as […]

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