News Score: Score the News, Sort the News, Rewrite the Headlines

US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact

The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.Gross domestic product decreased at a 0.2% annualized pace in the first quarter, the second estimate from the Bureau of Economic Analysis showed Thursday. That compared with an initially reported 0.3% decline....

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines