U.S. Economy Grew Just 0.1%

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us-economyThe U.S. economy grew just one-tenth of 1 percent in the first quarter of 2014, the Commerce Department reported today. Blame a brutal winter that held down corporate spending and housing activity. Economists expected the economy to grow 1.2 percent. Either way, it’s well below the post-WWII average of 3 percent annual growth.

“We’ve been living in sub-3 percent land, and people have gotten used to that as the new normal,” economist Dan North told¬†The New York Times. “But it’s not. It’s anemic.”¬†Read more at The New York Times.

{Matzav.com Newscenter}

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