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GDP Slows to Crawl in First Quarter, Up 0.1%

Wall Street Journal (04/30/14) Ben Leubsdorf; Eric Morath

U.S. gross domestic product rose a seasonally adjusted 0.1% in the first quarter, according to the U.S. Department of Commerce, as harsh winter weather seems to have curbed business investment and weakness overseas harmed exports. Economists polled by the Wall Street Journal had forecast growth of 1.1% for the quarter. The first-quarter pace is one of the weakest periods seen during the five-year recovery and was down sharply from the 3.4% pace seen in the second half of 2013.