Support the news

U.S. Economic Growth Slows In First Quarter02:03
Download

Play
This article is more than 5 years old.

The Commerce Department reports that GDP growth in this country — that's the value of all goods and services produced in the economy — slowed to an annual rate of 0.1 percent for the first quarter of this year.

Diane Swonk, chief economist with Mesirow Financial in Chicago, tells Here & Now that the tough winter weather continues to affect the numbers.

Despite the low GDP growth for the first quarter, Swonk and other economists predict that the U.S. economy is on the upswing. They predict stronger growth for the rest of the year, as the economy adds jobs and consumer spending rebounds.

Guest

This segment aired on April 30, 2014.

Support the news

+Join the discussion
TwitterfacebookEmail

Support the news