ALJAZAM News May 29, 2015
This is Al Jazeera America live from new york city. Im steph. New numbers giving our first look for the economy this year and so far its not good. The economy shrank in the first three months of the year. Patty what is to blame . The main culprit appears to be the strong u. S. Dollar. The economy shrank. 7 . Exports fell 7. 6 and you can credit that to a strong dollar making American Goods more expensive to buy abroad. U. S. Imports increase 5. 6 . Consumer spending rose 1. 8 , and that marked a sharp slowdown from the end of last year and that really matters because Consumer Spending is the p...