ambiente

U.S. Economy Slows To A Crawl — At Least For Now

NEW YORK — At least temporarily, the U.S. economy has slowed to a crawl. U.S. gross domestic product — one of the key gauges of overall economic growth -– fell dramatically to 1.8 percent in the first three months of this year after grow…

NEW YORK — At least temporarily, the U.S. economy has slowed to a crawl.

U.S. gross domestic product — one of the key gauges of overall economic growth -– fell dramatically to 1.8 percent in the first three months of this year after growing at a rate of 3.1 percent at the end of last year, according to figures released by the Commerce Department on Thursday.

While some economists argue the quarterly figure could simply be an economic blip caused by harsh winter weather and spiking gas prices, others warn that the recovery could still be a jobless one.

Read More…
More on Ben Bernanke