Benchmark
U.S. Economy Probably Stumbled Out of Gate (Again) in 2016
Soft consumer spending probably led to sub-1 percent growth in 1Q for a third year
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It was business as usual for the U.S. economy in the first quarter.
The government's initial estimate of gross domestic product is projected to show a 0.6 percent annualized gain for the January-March period, extending a pattern of early-year weakness and tied this time to tepid business investment, lackluster overseas demand and wilting domestic spending.