US economic growth slowed to 2.3 percent pace in Q1

The U.S. economy slowed to a moderate 2.3 percent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years. Still, the January-March increase came in better than expected, supporting hopes for a solid rebound for the rest of the year. The Commerce Department reported Friday that the ...

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US economic growth slowed to 2.3 percent pace in Q1

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