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Tuesday, May 13, 2014

U.S. Economy Contracted In First Quarter, Latest Figures Show

A first-quarter contraction is looking more and more likely.

A couple weeks ago, the Commerce Department said U.S. economic output expanded at a seasonally adjusted annual rate of 0.1% in the first three months of the year. A near-stall for the economy, for sure, but at least it wasn’t worse.

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