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4/30/2014 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

First-Quarter GDP Edges Up 0.1%


Tim Boyle/Bloomberg News

The U.S. gross domestic product grew at a 0.1% annual rate in the first quarter, the Commerce Department reported April 30.

The reading, lower than the fourth-quarter’s 2.6% gain in the prior quarter, pulled back due to bad weather in the first three months of the year.

Economists’ median projection was for a 1.2% increase, Bloomberg News reported.

The economy expanded at a 1.9% rate last year following a 2.8% increase in 2012.

By Bloomberg News

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