Friday, May 29, 2015

GDP report expected to show economy shrank - from TRUNEWS

Another first quarter of the year. Another reversal for the U.S. economy. Another expectation of a rebound to come.

On Friday, the government will likely estimate that the economy shrank in the January-March quarter for a second straight year, depressed by brutal weather, a reeling energy sector and an export slump caused by a higher-valued dollar.

Yet few will see any cause for panic.

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