The US economy is cooling off. Why experts say there's no need to worry yet
The finding, released in a Commerce Department report this week, renewed a question that has lingered over the economy: Should Americans be worried about where it's headed? "GDP decelerated pretty significantly," Stephan Weiler, a professor of economics at Colorado State University and a former Fed research officer, told ABC News, but he acknowledged the limitations of the new finding. Gross domestic product, a measure of all the goods and services produced in the economy, recorded 1.6% annual growth over the first three months of the year, the Commerce Department said this we...
Source: yahoo.com
