U.S. Economy Grew Just 0.1%

COLD AS ICE

Updated Apr. 14, 2017 4:23PM EDT / Published Apr. 30, 2014 8:38AM EDT

Spencer Platt/Getty

The U.S. economy grew just one-tenth of 1 percent in the first quarter of 2014, the Commerce Department reported Wednesday. Blame a brutal winter that held down corporate spending and housing activity. Economists expected the economy to grow 1.2 percent. Either way, it's well below the post-WWII average of 3 percent annual growth. “We’ve been living in sub-3 percent land, and people have gotten used to that as the new normal,” economist Dan North told The New York Times. "But it’s not. It’s anemic."

Read it at The New York Times

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U.S. Economy Grew Just 0.1%

Spencer Platt/Getty