Economy likely grew 3% in Q1, but signs are trending down

04/21/2013 | MarketWatch

The government is expected to release data showing 3% economic growth in the first quarter, but signs indicate the pace is unlikely to be sustained. "The economy lost momentum in March, and the early signs for April are not too encouraging," Moody's Analytics economist Ryan Sweet said. However, a strong trend in the housing market is expected to continue.

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