GDP grew at 0.5% instead of the expected 0.7% in the first quarter of this year
White House says Republicans are partially to blame for stagnant wages
The US economy grew at the weakest pace in two years at the start of 2016 as consumer spending slowed,commerce investment plunged and exports declined further, the US Department of Commerce announced on Thursday.
The US indecent domestic product grew by just 0.5% in the first quarter, and down from 1.4% in the fourth quarter of 2015. Related: Barack Obama hails economic successes as unemployment rate drops below 5% Related: Federal Reserve hints at June interest rate hike with new faith in US economy Continue reading...
Source: theguardian.com