Loading ...WASHINGTON (MarketWatch) — The U.S. economy sputtered in the first quarter to the lowest growth in two years, expanding just 0.5% as business slashed investment by the steepest rate since the Great Recession.
Companies cut investment on equipment and large structures such as mining platforms. They also rebuilt inventories at the slowest rate in two years, according to the government’s preliminary estimate of first-quarter gross domestic product.
Exports were another drag on the economy, falling 2.6%.
cont. http://www.marketwatch.com/story/gdp-slows-to-05-in-first-quarter-2016-04-28