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You are here: Home / Archives for q1 2014

US Economy Posts Dramatic Drop for 1st Quarter of 2014

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Man walking in winter 2014 blizzard.

The first quarter of 2014 saw the U.S. economy shrink by the largest margin since the peak of the global financial crisis. This contraction of the economy came against the backdrop of consumer spending receding after the holidays. The United States’ gross domestic product also posted a drop, down by 2.9 per cent at an annually adjusted rate. This drop is bigger than the one predicted by financial … [Read more...]

Filed Under: National News Tagged With: federal reserve, gdp, q1 2014, slowdown, US economy

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