4/29/2011

The economy expanded at a 1.8% annual rate in the first quarter, down from a 3.1% rate in the fourth quarter, the Commerce Department said. It was the weakest performance since last spring, when fears that Europe's debt crisis might spread dragged U.S. growth down to 1.7%. Economists were divided on whether the first quarter's drop was a temporary setback or a sign that the recovery is in trouble.

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