U.S. Economy Shrank In Q1 – Not as Steep as Expected

The U.S. economy schrank by 0.7% annualized, but the drop was not as steep as expected.
This drop follows a decade-high 4.4% gain in Q4. Most economists expect a rebound later in the year, the same as happened in 2014.

Rainer Poertner
Chief Analyst, StockWatchIndex