By Dees Stribling | MHN News
Which way is the economy going? The first quarter has been rightly judged to be sluggish indeed, with the second estimate of Q1 GDP growth being revised downward as expected by the Bureau of Economic Analysis on Friday. In fact, there was no growth during the quarter, but an annualized contraction of 0.7 percent. That was in contrast to growth of 2.2 percent in the fourth quarter of last year, and an initial estimate of meager growth during the first quarter of 0.2 percent.
