U.S. economy posts slowest growth in three years, first-quarter GDP shows

• April 28, 2017
• realestatelife
• Business & Markets, Real Estate Finance

The government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months of the year, down from 2.1% and 3.5% in the back half of 2016.