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The U.S. economy expanded at its slowest pace in three years in the first quarter of this year

The U.S. economy posted its weakest first quarter growth in three years as consumers crimped on spending. (Reuters) The U.S. economy expanded at its slowest pace in three years in the first quarter of this year, according to government data issued Friday morning, as spending by consumers grew at a slower pace and government outlays fell. America’s gross domestic product, a broad measure of economic growth, grew at an annualized rate of just 0.7 percent in the first three months of 2017, a significant slowdown from the previous quarter that economists say is more likely due to measurement error than to Donald Trump’s performance as president. read more at washingtonpost.com

 

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