U.S. 1st-quarter growth seen at 3% but trending down

04/21/2013 | MarketWatch

The U.S. government is expected to post figures Friday showing 3% economic growth in the first quarter, but the latest 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," said economist Ryan Sweet of Moody's Analytics. However, a strong trend in the key housing market is expected to continue.

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