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U.S. Growth Seen Slower Amid Dollar Headwinds

Wall Street Journal (04/09/15) Kathleen Madigan

Sixty-two economists surveyed by the Wall Street Journal have forecast that the economy grew by 1.4% in the first quarter, down from the 3.0% pace forecast for the first quarter in January. They altered their forecast based on factors such as a strong dollar, the West Coast ports slowdown, and a rough winter in parts of the U.S. The economists anticipate gross domestic product will grow at an inflation-adjusted rate of 2.7% for all of 2015, a pace below the 3.0% pace projected at the start of 2015, but the downgrade reflects the lower estimates of first-quarter activity.