The U.S. Economy's Winter Nap Was Deeper Than We Thought

Snow is seen on the ground in northern Virginia on Feb. 14 Photograph by Brendan Smialowski/AFP via Getty Images

The U.S. economy grew just 0.1 percent during the first quarter of the year, well below what were pretty weak expectations. The average forecast of economists surveyed by Bloomberg had called for a 1.2 percent increase. It’s the worst quarter of growth since the final three months of 2012, when the economy also notched a 0.1 percent growth rate.

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