US Economy Shrank in Early 2015

The U.S. economy shrank in the first three months of 2015, as unusually foul winter weather hurt economic activity, the strong dollar made it harder to sell American-made goods in other nations and low oil prices meant less investment in drilling. Friday's report from the U.S. Commerce Department’s Bureau of Economic Analysis said the gross domestic product declined at an annual rate of 0.7 percent during the first quarter. That is a sharp downward revision from a first estimate...

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