Tag Archive for GDP

NEWSLINK: U.S. economy collapses in first quarter, but growing again

Calculator, Pen, Ledger

[“U.S. economy collapses in first quarter, but growing again” – Reuters 6.25.14] Reuters reports on a drastic downturn in the U.S. economy in the first quarter of 2014. The news also represents a downward correction of previously-reported data from the Commerce Department. The U.S. economy contracted at a much steeper pace in the first quarter than previously estimated, turning in one of its worst-ever non-recession