U.S. Economy Expands to 0.5% Pace, Weakest in Two Years

Updated on
  • Business investment slumps most in since second quarter 2009
  • GDP figures mark third straight sluggish start to a year

U.S. Economic Growth Slows to 0.5% in First Quarter

The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices.

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